FARM COMMODITIES-TREND ANALYSIS-NOVEMBER18/2017
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: UP ON TREND. @343 RESISTANCE. ROLLING CZ EXPIRY TO CF O/INTEREST DOWN   
TARGETS: (325 (334-343)-347), COMMITMENTS: COMMERCIALS. NET LONG INCREASED
NOTE: VOLUME: AT HIGHS OF LAST 3 YEARS. OPEN INTEREST: HIGHEST IN LAST 3 YEARS. 

SOYBEANS (JAN/18): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 1.85/MMT
TRENDS: PRICE: UP/REVISED. OPEN INTEREST UP WEEKLY, PRICE RANGE: (844-1196) YEARLY
TRADING: MOVE UP, @NEW TREND/989 AS RESISTANCE. BUYING. OPEN INTEREST DOWN
TARGETS: (931 (960-975-989) 1004), COMMITMENTS: COMMERCIALS. NET SHORT DECREASED

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: MOVE UP. ON TREND. @426 AS RESISTANCE. BUYING. OPEN INTEREST-FLAT     
TARGETS: (407 (416-426) 436 446), COMMITMENTS: COMMERCIALS. NET LONG DECREASED

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, 7840 AS RESISTANCE, MIXED ACCELERATED OPEN INTEREST-UP
TARGETS: (7749 (7800-7840) 7931) COMMITMENTS: COMMERCIALS. NET SHORT DECREASED