Wednesday, November 01, 2017


FARM COMMODITIES-TREND ANALYSIS-NOVEMBER 1/2017
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: DOWN MONTHLY, OPEN INTEREST: UP WEEKLY, PRICE RANGE: (325-405)           
TRADED: FLAT-BUYING PARALLEL TREND CLOSED ABOVE 347 (OPEN INTEREST-UP/MORE)   

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

SOYBEANS (JAN/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: UP BUYING ABOVE TREND THROUGH/CLOSED ABOVE 989 (OPEN INTEREST-FLAT)
TARGETS: (960 (976-989-1004) 1018) INVESTORS: LESS LONG, HEDGERS: LESS SHORT 


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

TRENDS: PRICE: DOWN WEEKLY OPEN INTEREST: UP WEEKLY, RANGE: (387-575) YEARLY            
TRADED-FLAT SELLING BELOW TREND CONFIRMS SUPPORT@416 (OPEN INTEREST-UP/MORE)     
TARGETS: (407 (416-426) 436 446
), INVESTORS: STEADY SHORT. HEDGERS: STEADY LONG 

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

TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: DOWN DAILY, PRICE RANGE: (6810-8295)    
TRADED: FLAT BUYING ABOVE TREND CONFIRMS SUPPORT@7749 (OPEN INTEREST-DOWN/LESS)
TARGETS: (7657 (7749-7840) 7931) INVESTORS: STEADY LONG, HEDGERS: LESS SHORT

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