FARM COMMODITIES/TREND ANALYSIS/JUNE 20/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-LINE JOINS LOWER HIGHS, UP-LINE JOINS HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION  OF RANGE,TREND,TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (JUL/17): $0.25/BU, FREE WORLD STOCKS ESTIMATED/FLAT-UP (325-388)              
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN/MODERATE-(ON TREND)                 
TRADING: SELLING DOWN, MAJOR RESISTANCE @388, TESTING TREND+370/SUPPORT 
TARGETS: (361 370 379 388 397), COMMITMENTS OF TRADERS: HEDGERS NET SHORT

SOYS (JUL/17): $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/SEMI-MODERATE, OPEN INTEREST-DOWN/GRADUAL-(ABOVE)
TRADING: SELLING DOWN, LOWER HIGH, TESTED SUPPORT @TREND+LAST LOW+928
TARGETS: (962 945 928 910), COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED
 
WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-476)         
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN/GRADUAL-(BELOW TREND)           
TRADING: NET BUYING UP/LESS STEEP ABOVE TREND BELOW RESISTANCE @476
TARGETS: (446 456 466 476), COMMITMENTS OF TRADERS: NET POSITIONS REDUCED 

DOLLAR CAD/USD: (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (7836-7261)
TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-FLAT-(ABOVE TREND)     
TRADING: NET SELLING DOWN BELOW RESISTANCE @TREND+7570, LOOKS TOPPY
TARGETS: (7615 7570 7526 7482)  COMMITMENTS/TRADERS: NET POSITIONS REDUCED    

HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/GRADUAL, OPEN INTEREST-DOWN/GRADUAL-(ABOVE TREND)
TRADING: NET SELLING DOWN TESTING TREND/SUPPORT,D DOWNSIDE RESISTANCE @143  
TARGETS: (156 149 143 136)  COMMITMENTS OF TRADERS: NET POSITIONS REDUCED