FARM COMMODITIES-TREND ANALYSIS-DECEMBER 21/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TRENDS,TARGETS MOVES
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (MAR/18): $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 0.22/MMT            
TRENDS: PRICE: DOWN/LESS OPEN INTEREST: UP/DAILY. PRICE RANGE: (325-405)           
TRADING: UP ON TREND TESTED/CLOSED ABOVE GOOD RESISTANCE GAINED MOMENTUM   
TARGETS: (365 (355-345) 325), COMMITMENTS OF TRADERS: NET ACCUMULATION
 
SOYBEANS (MAR/18 NEW): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 0.62/MMT
TRENDS: PRICE: UP/FROM 844 LOW OPEN INTEREST UP, PRICE RANGE (844-1196) YEARLY
TRADING: DOWN BELOW TREND TESTED MAJOR SUPPORT@960 GAINED MOMENTUM
TARGETS: (930 946 (960-975), COMMITMENTS OF TRADERS: NET LIQUIDATION:

WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.89/MMT          
TRENDS: PRICE: DOWN/LESS. OPEN INTEREST: FLAT DAILY. RANGE: (387-575) YEARLY            
TRADING: UP ABOVE TREND TESTED 426 FROM HIGHER LOW LOST MOMENTUM       
TARGETS: (436 (426-416) 407), COMMITMENTS OF TRADERS: NET ACCUMULATION 

DOLLAR CAD/USD: (MAR/18 NEW)  4.00 DAILY LIMIT                                
TRENDS: PRICE: DOWN FROM 8295. OPEN INTEREST: UP. PRICE RANGE: (6810-8295)
TRADING: UP ABOVE TREND TESTED 7883 OLD RESISTANCE@7931 GAINED MOMENTUM 
TARGETS: (7931 (7883-7840-7794) 7749). COMMITMENTS OF TRADERS: NET MIXED