Update: Soybeans - May 2016

 Since March, soybean prices have been going up breaking all previous tops. This is a clear indication that the trend has changed. Up to this point, the market has been, more or less, following what we figured in our 2016 soybeans roadmap.

 This post updates a chart from a previous post which showed PTVs[1] defining up and down trends in the recent past. It also contains a new chart showing several PTVs related to the recent May 10, 2016 swing top.

Fund Raising Campaign for Venezuelan Law Students

 A delegation of six undergraduate law students from the Universidad Católica Andrés Bello (UCAB) in Caracas, Venezuela have been preparing for almost a year to participate in the Spanish edition of the International Criminal Court (ICC) Competition to be held this year in the Netherlands.

 They have started a www.gofundme.com campaign to raise funds to be able to afford their traveling expenses. There are more details on their www.gofundme.com page.

 They will be very grateful (as well as my person) for any contribution you may provide to help them.

 Next post: Venezuelan Delegation Won ICC Moot Court Competition at the Hague

Ricardo Da Costa

Grain Market Analysis

Soybeans - May 2016

 There are two cycles that could impact market action during the month of May 2016. Statistically, after a March bottom the market will most likely rally for three or four months until June or July tops. With that in mind, the month of May will probably have an acceleration bottom leading up to the summer tops.