Update 2: Soybeans - June 2016

 Our previous post contained several VPP and PTV[1] projections for a June top in the soybean market. These were not as accurate as we would have liked, having an error of 20¢ in July soybean futures. However, it seems it is most likely that Gann's 20yrs cycle projected to turn in the first half of the month has aligned with a swing top.

 Other PTVs completed in both July and November soybean futures at the June 10th an 13th tops respectively. We are including them in this post. 

Update: Soybeans - June 2016

 In this update we are including a few Velocity Price Projections and PTV[1] analysis and projections for July soybean futures.

Venezuelan Delegation Won ICC Moot Court Competition at the Hague

 The Venezuelan delegation of six law students from UCAB University that went to participate on the International Criminal Court (ICC) Moot Court Competition this June won 1st place today morning!

 After a series of preliminary rounds, the final of the competition was disputed between the teams of Argentina (Victims), Mexico (Fiduciary Fund) and Venezuela (Defense.) The Mexican team won 3rd place, while the Argentinian team was left 2nd and the Venezuelan team won first place. A especial award for best orator was given to one of the Argentinian participants.

Figure 1
Delegation of students from Universidad Católica Andrés Bello from Venezuela winners of the fourth edition of the Spanish version of the ICC Moot Court Competition

 Thanks again to all who helped make this victory possible!

 Ricardo Da Costa

 Grain Market Analysis

Soybeans - June 2016

 The month of May was a disappointment. Except for the big up day on May 10, most of the month remained in a sideways motion.

 As presented in our 2016 soybean roadmap, there is a cycle due to turn in the first part of the month of June. According to seasonal behavior, after a March bottom prices will most likely rally up until June or July, aligning with the typical seasonal top months.