FARM COMMODITIES-TREND ANALYSIS-NOVEMBER16/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TREND,TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (DEC/17): $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 2.90/MMT            
TRENDS: PRICE: DOWN MONTHLY. OPEN INTEREST: UP WEEKLY. PRICE RANGE: (325-405)           
TRADING: DOWN, BELOW/CLOSER TO TREND. FLAT MOMENTUM (OPEN INTEREST UP/LESS))   
TARGETS: (325 (334-343)-347), COMMITMENTS: COMMERCIALS. NET LESS LONG  

SOYBEANS (JAN/17): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 1.85/MMT
TRENDS: PRICE: UP/YEARLY. OPEN INTEREST UP WEEKLY, PRICE RANGE: (844-1196) YEARLY
TRADING: UP, AWAY FROM TREND, RESISTANCE@975, DECELERATING, (OPEN INTEREST-FLAT)
TARGETS: (931 (960-975) 989 1004), COMMITMENTS: COMMERCIALS. NET STEADY SHORT 

WHEAT (DEC/17): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.8O/MMT          
TRENDS: PRICE: DOWN/LESS WEEKLY. OPEN INTEREST: UP WEEKLY. RANGE: (387-575) YEARLY            
TRADING: FLAT, CLOSER TO TREND, SUPPORT@LAST LOW/416, (OPEN INTEREST-DOWN)     
TARGETS: (407 (416-426) 436 446), COMMITMENTS: COMMERCIALS. NET MORE LONG 

DOLLAR CAD/USD: (DEC/17)  4.00 DAILY LIIMIT
TRENDS: PRICE: DOWN/WEEKLY, OPEN INTEREST: DOWN WEEKLY, PRICE RANGE: (6810-8295)    
TRADING: DOWN. ON TREND, SUPPORT@7840, DECELERATED (OPEN INTEREST-DOWN)
TARGETS: (7749 7800 (7840-7931) COMMITMENTS: COMMERCIALS. NET LESS SHORT