Thursday, October 26, 2017


FARM COMMODITIES-TREND ANALYSIS-OCTOBER 26/2017
MARKETS:
 PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS 
TRADED: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (DEC/17):
 $0.25/BU, WORLD STOCKS 16/17-226.99/MMT 17/18-200.96/MMT            
TRENDS: PRICE; FLAT INSIDE 361-343-OPEN INTEREST: UP WEEKLY, PRICE RANGE: (325-405)           
TRADED: DOWN (OPEN INTEREST-FLAT) FLAT CONSOLIDATION CONTINUES ABOVE 347   

TARGETS: (343 (347-361) 370 379) INVESTORS: STEADY SHORT, HEDGERS: STEADY LONG

SOYBEANS (NOV/17):
 $0.70/BU, WORLD STOCKS 16/17 97.78/MMT 17/18-96.05/MMT
TRENDS: PRICE: UP MONTHLY-OPEN INTEREST UP MONTHLY, PRICE RANGE: (844-1196) YEARLY
TRADED: DOWN DAY (OPEN INTEREST-UP) TESTED/CLOSED BELOW TREND/976 SUPPORT
TARGETS: (960 (976-982) 989 1004 1018) INVESTORS: MORE LONG, HEDGERS: MORE SHORT 


WHEAT (DEC/17): $0.45/BU, WORLD STOCKS 16/17-256.58/MMT 17/18-268.13/MMT          

TRENDS: PRICE: UP YEARLY OPEN INTEREST: UP WEEKLY, RANGE: (387-575) YEARLY            
TRADED-DOWN DAY (OPEN INTEREST-UP/LESS) POTENTIALLY ANOTHER BOTTOM @426     
TARGETS: (426 (436-446) 466
), INVESTORS: MORE SHORT. HEDGERS: MORE LONG 

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT

TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: FLAT WEEKLY, PRICE RANGE: (6810-8295)    
TRADED-DOWN DAYS (OPEN INTEREST UP) MOVE FOLLOWING TREND INSIDE 7840-7749
TARGETS: (7931 (7840-7749) 7657 ) INVESTORS: STEADY LONG, HEDGERS: STEADY SHORT

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