Wednesday, November 29, 2017


FARM COMMODITIES-TREND ANALYSIS-NOVEMBER29/2017
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 MOVES,TRENDS,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: DOWN DAILY. PRICE RANGE: (325-405)           
TRADING: FLAT. SUPPORT@LAST LOW/334. FIRST NOTICE TOMORROW. OPEN INTEREST DOWN   

TARGETS: (325 (334-343) 352 361), COMMITMENTS: NET HEDGER-INVESTOR SPREAD: NARROWED
 
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. BELOW TREND. ON SUPPORT@989. HIGHER LOW. OPEN INTEREST DOWN
TARGETS: (975 (989-1004) 1018), COMMITMENTS: NET HEDGER-INVESTOR SPREAD: FLAT


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 DAY RESISTANCE@TREND TESTED /CLOSED ABOVE 416 1ST NOTICE OPEN INT DOWN     
TARGETS: (407 (416-426) 446 466
), COMMITMENTS: NET HEDGER-INVESTOR SPREAD: FLAT

DOLLAR CAD/USD:
 (DEC/17)  4.00 DAILY LIMIT

TRENDS: PRICE: DOWN/WEEKLY. OPEN INTEREST: DOWN WEEKLY. PRICE RANGE: (6810-8295)
TRADING: MOVE DOWN. SUPPORT@TREND ABIVE BOTTOM/7749. OPEN INTEREST-UP 
TARGETS: (7749-7800) 7840 7883). COMMITMENTS: NET HEDGER-INVESTOR SPREAD: FLAT

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