FARM COMMODITIES-TREND ANALYSIS-DECEMBER 28/2017
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: DOWN-MOVE UP NORMAL PULL BACK ABOVE TREND MIXED GAINED MOMENTUM   
TARGETS: (365 (355-345) 325), COMMITMENTS OF TRADERS: NET ACCUMULATION
 
SOYBEANS (MAR/18): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 0.62/MMT
TRENDS: PRICE: DOWN(NEW) OPEN INTEREST UP, PRICE RANGE (844-1186) YEARLY
TRADING: DOWN LOWER HIGH BELOW TREND MET SUPPORT@956 GAINED MOMENTUM
TARGETS: (979 (962-956) 950 945), 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-MOVE UP MET MAJOR RESISTANCE@TREND ABOVE 426 LOST MOMENTUM       
TARGETS: (436 (426-416) 407), COMMITMENTS OF TRADERS: NET FLAT 

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