SOY - COT Analysis

Sorry to hear that.
I would not put a stop below 1140 to soon and 1150 is still my best guess for now. I didn't move my stop yet. I will bring my stop at 1080 when 1028 will be touched. Fortunately, what we saw yesterday and today is a big reversal signal.

 

The close is at 1020 2/8. My stop is now at 1080. I hope it's not to early.

 

I'm sure you know this, but just in case..... If this stalls out and hangs around, you might want to flip flop your position.
But up until today, crops are looking good.
http://www.soybeansandcorn.com/news/Jul20_16-Trip-Report-Western-Corn-Belt

This is ugly though.

 

At some point, I will definitively be flat, just not yet and no reversal any time soon.

 

I just added a 1st target at 960 for 50% of my position.
I will bring my stop at 1030 when 975 will be touched
Optimistic.

 

Stop at 1030.

 

From Agrimoney after the "urprisingly strong official estimates for US crops":
"Still, headway was somewhat hard to come by among softs, with cotton futures siding with fellow row crops corn and soybeans and standing firmly in negative territory."
Looks like my 1st target should be reached next week.

 

My 1st target was missed by less than 2 points
Stopped at 1030.
+$6,000 per contract.