FARM COMMODITIES-TREND ANALYSIS-JANUARY 16/2018
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, PROJECTED WORLD ENDING STOCKS UP 1.99 MMT            
TRENDS: PRICE: DOWN. OPEN INTEREST: UP (STEEP). PRICE RANGE YEARLY: (405-325)           
TRADING: LOST MOMENTUM, FLAT, AB0VE TREND, ON BOTTOM OF MOVE @347   
TARGETS: (356  (351-347)343), COMMITMENTS OF TRADERS: GAINING MOMENTUM
 
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE: DOWN. OPEN INTEREST: UP, (LESS) PRICE RANGE YEARLY: (1186-844)
TRADING: LOST MOMENTUM, UP, GAP, ABOVE TREND, BUYING, TESTED RESISTANCE @966
TARGETS: (1015 982 (966-950) 918, COMMITMENTS OF TRADERS: GAINING MOMENTUM

WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 0.40 MMT          
TRENDS: PRICE: DOWN (MORE) OPEN INTEREST: UP (STEEP). RANGE: (575)-387 YEARLY            
TRADING: LOST MOMENTUM, MOVE DOWN, MIXED, ON TREND, TESTED/CLOSED ABOVE 416    
TARGETS: (431 426 (421-416) 411), COMMITMENTS OF TRADERS: LESS MOMENTUM

DOLLAR CAD/USD: (MAR/18 NEW)  4.00 DAILY LIMIT                                
TRENDS: PRICE: UP (LESS). OPEN INTEREST: UP (LESS). PRICE RANGE: (6810-8295) YEARLY
TRADING: LOST MOMENTUM, UP, MIXED, ABOVE TREND, TESTED/CLOSED ABOVE 8048,  
TARGETS: (7883 (7965-8048-8130). COMMITMENTS OF TRADERS: GAINED MOMENTUM