Soybean Futures Higher

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

May Soybeans are trading 1044, up 8 1/4 cents/bushel. November Soybeans are trading at 1026 1/4, up 8 cents/bushel. May Soymeal is trading at 338.2, up 1.8 $/ton. May Soybean Oil is trading at 34.37, up 0.44 cents/lb. Soybeans futures are trading near the session highs. Market chatter about various global weather forecasts is making the rounds. Australia's Bureau of Meteorology said there has been increased warming over the equatorial Pacific during the last two weeks and raised the chances for an El Nino weather pattern to develop in July or August. There is also a lot of chatter about changes in U.S. policy that would limit imports of biodiesel from Argentina.

27% profit every 20 days?

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