FARM COMMODITIES/TREND ANALYSIS/JUNE 22/2017
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 PRICE 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, dDOWN ABOVE TREND                 
TRADING: SELLING ACCELERATING DOWN BELOW TREND-TO SUPPORT @361 
TARGETS: (343 352 361 370 379), COMMITMENTS OF TRADERS: HEDGERS NET SHORT

SOYBEANS (JUL/17): $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/MODERATE-REVISED, OPEN INTEREST-UP, UP ABOVE TREND
TRADING: SELLING DOWN ABOVE TREND TESTED/CLOSED BELOW 910 + PREVIOUS LOW
TARGETS: (919 910 893 876), 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, DOWN BELOW TREND           
TRADING: NET BUYING ABOVE TREND, UPSIDE  SUPPORT @456, COMPLETING A TOP
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-DOWN-NEW TREND, ON TREND     
TRADING: NET BUYING UP, TESTED RESISTANCE @TREND, UP FROM SUPPORT @7511
TARGETS: (7615 7570 7526 7482)  COMMITMENTS/TRADERS: NET POSITIONS REDUCED    

HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/MODERATE, OPEN INTEREST-UP, UP ON TREND
TRADING: OFFSET DOWN, DOWNSIDE TREND, MET SUPPORT @136    
TARGETS: (149 143 136 130)  COMMITMENTS OF TRADERS: NET POSITIONS REDUCED