FARM COMMODITIES-TREND ANALYSIS-NOVEMBER29/2017
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
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
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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