FARM COMMODITIES/TREND ANALYSIS/JUNE 28/2017
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/MORE GRADUAL, OPEN INTEREST-DOWN LAST-DOWN ON TREND                 
TRADING: NET SELLING DOWN DECELERATED UPSIDE TREND RESISTANCE @361  
TARGETS: (343 352 361 370) COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED

SOYBEANS (JUL/17): $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/LESS SO OPEN INTEREST-DOWN LAST-LOWER BELOW TREND
TRADING: NET BUYING FLAT HIGHER TESTED/CLOSED BELOW TREND/RESISTANCE @916
TARGETS: (919 910 893 876) COMMITMENTS OF TRADERS: NET POSITIONS-INCREASED
 
WHEAT (JUL/17): $0.30/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-476)         
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN LAST-LOWER BELOW TREND           
TRADING: NET BUYING UP STEADY ABOVE TREND DOWN SIDE/CLOSED BELOW 459 
TARGETS: (439 449 459 469), COMMITMENTS OF TRADERS: NET POSITIONS REDUCED 

DOLLAR CAD/USD: (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (7836-7261)
TRENDS: PRICE-DOWN/MODERATE OPEN INTEREST-DOWN LAST-DOWN ON TREND     
TRADING: BUYING UP ACCELERATED ABOVE TREND CLOSED BELOW RESISTANCE @7703
TARGETS: (7659 7615 7570 7526)  COMMITMENTS/TRADERS: NET POSITIONS REDUCED    

HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/GRADUA, OPEN INTEREST-UP/STEEP LAST-DOWN DOWNSIDE TREND
TRADING: BUYING UP STEADY ABOVE TREND TESTED/CLOSED ABOVE RESISTANCE @143    
TARGETS: (149 143 136 130)  COMMITMENTS OF TRADERS: NET POSITIONS INCREASED