Friday, July 21, 2017


FARM COMMODITIES-TREND ANALYSIS-JULY 21/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (SEP/17):
 $0.25/BU, FREE WORLD STOCKS 16/17-126/MMT 17/18-120/MMT (325-405)              
TRENDS: PRICE; MONTHLY-UP/GRADUAL OPEN INTEREST -UP                
TRADING: DOWN FIRST DAY OF WHAT LOOKS LIKE LOWER HIGH ABOVE TREND AT 388/RESISTANCE  

TARGETS: (379 388 397 406 415) COMMITMENTS OF TRADERS: LAST REPORT-NET NEUTRAL

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-76/MMT 17/18-74/MMT (1196-910)
TRENDS: PRICE: MONTHLY DOWN/GRADUAL  OPEN INTEREST-DOWN
TRADING: FLAT-PULL BACK FROM LOWER HIGH OVERBOUGHT ABOVE TREND AT 1033/RESISTANCE
TARGETS: (989 1004 1018 1033 1047) COMMITMENTS OF TRADERS: NET INCREASE-REVERSAL

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-134/MMT (390-575)         
TRENDS: PRICE: MONTHLY UP/GRADUAL OPEN INTEREST-DOWN             
TRADING:UP ON SELLING APPEARS FORMING A LOW ABOVE TREND OVERBOUGHT AT 496/SUPPORT  
TARGETS: (476 486 496 515 526
), COMMITMENTS OF TRADERS: NET NEUTRAL  

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (6810 7971)

TRENDS: PRICE-UP/MORE STEEP OPEN INTEREST-UP/LESS SO )     
TRADING: UP ABOVE TREND (WITH OPEN INTEREST-LOSING STRENGTH)  CLOSED ABOVE 7965
TARGETS: (7845 7883 7965 8048 8130)  COMMITMENTS OF TRADERS: NET INCREASE    


HEATING OIL ULSD: NO LONGER REPORTING, OF LITTLE USE TO THE FARMER DUE DIESEL PRICING

DUE TO KNEE REPLACEMENT SURGERY SCHEDULED FOR JULY 24TH EXPECT INTERRUPTIONS JUL/AUG
YOUR INTEREST IS MUCH APPRECIATED-PH
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