FARM COMMODITIES-TREND ANALYSIS-NOVEMBER 9/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS 
TRADING: POSITION OF PRICE RANGE, RELATION TO TREND,TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (DEC/17): $0.25/BU, WORLD ENDING STOCKS 17/18 203.86/MMT UP 2.90/MMT            
TRENDS: PRICE: DOWN MONTHLY, OPEN INTEREST: UP WEEKLY, PRICE RANGE: (325-405)           
TRADING: DOWN, FLAT MOVE, DOWNSIDE TREND, MET 343/BOTTOM, (OPEN INTEREST UP)   
TARGETS: (325 334 (343-347) 361), COMMITMENTS: COMMERCIALS: MORE NET LONG 

SOYBEANS (JAN/17): $0.70/BU, WORLD ENDING STOCKS 17/18 97.90/MMT UP 1.85/MMT
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST UP MONTHLY, PRICE RANGE: (844-1196) YEARLY
TRADING: REVERSAL MOVE DOWN, UPSIDE TREND, CLOSED BELOW 989, (OPEN INTEREST-UP)
TARGETS: (960-989-1004) 1018), COMMITMENTS: COMMERCIALS: MORE NET SHORT 

WHEAT (DEC/17): $0.45/BU, WORLD ENDING STOCKS 17/18 267.53/MMT DOWN 0.8O/MMT          
TRENDS: PRICE: DOWN WEEKLY OPEN INTEREST: UP WEEKLY, RANGE: (387-575) YEARLY            
TRADING: UP IN MOVE DOWN, ABOVE TREND, CLOSED ABOVE 426 (OPEN INTEREST-DOWN)     
TARGETS: (407 416 (426-436) 446), COMMITMENTS: COMMERCIALS: MORE NET LONG 

DOLLAR CAD/USD: (DEC/17)  4.00 DAILY LIIMIT
TRENDS: PRICE: DOWN/WEEKLY, OPEN INTEREST: DOWN WEEKLY, PRICE RANGE: (6810-8295)    
TRADING: UP, MOVE UP, DOWNSIDE TREND, ABOVE 7840, (OPEN INTEREST-UP)
TARGETS: (7749 7800 (7840-7931) COMMITMENTS: COMMERCIALS: LESS NET SHORT