Thursday, November 30, 2017


FARM COMMODITIES-TREND ANALYSIS-NOVEMBER30/2017
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 (MAR/18):
 $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 2.90/MMT            
TRENDS: PRICE: DOWN MONTHLY. OPEN INTEREST: DOWN DAILY. PRICE RANGE: (325-405)           
TRADING: MOVE UP ABOVE TREND UPSIDE 352  POTENTIAL BOTTOM OPEN INTEREST DOWN   

TARGETS: (343 (352-361) 369), 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: MOVE DOWN BELOW TREND TESTED/CLOSED BELOW 989. OPEN INTEREST UP
TARGETS: (960 (975-989)-1004) 1018), COMMITMENTS: NET HEDGER-INVESTOR SPREAD: FLAT


WHEAT (MAR/18): $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 TESTED/CLOSED BELOW 436 OPEN INTEREST DOWN     
TARGETS:  (416 (426-436) 446
), 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 TEST OF BOTTOM@7749. OPEN INTEREST-FLAT 
TARGETS: (7749-7800) 7840 7883). COMMITMENTS: NET HEDGER-INVESTOR SPREAD: FLAT

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