FARM COMMODITIES-TREND ANALYSIS-NOVEMBER21/2017
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: FLAT IN MOVE UP. SUPPORT@TREND/343. ROLLING Z TO H  OPEN INTEREST DOWN   
TARGETS: (325 (343-352) 361 379), 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 UP. OPEN INTEREST UP WEEKLY, PRICE RANGE (844-1196) YEARLY
TRADING: FLAT IN MOVE UP, BELOW TREND/989. HIGHER LOW. OPEN INTEREST UP/MINOR
TARGETS: (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: UP IN FLAT MOVE. ON/CLOSED ABOVE TREND RESISTANCE@426. OPEN INTEREST-DOWN     
TARGETS: (407 (416-426) 446 466), 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/CLOSED ABOVE TREND. RESISTANCE@7840. OPEN INTEREST-DOWN
TARGETS: (7749 (7800-7840) 7931) COMMITMENTS: COMMERCIALS. NET SHORT DECREASED