FARM COMMODITIES-TREND ANALYSIS-JANUARY 25/2018
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: DOWN/STEEP. PRICE RANGE YEARLY: (449-325)           
TRADING: UP, NO BREAKOUT UP, LOWER CLOSE, SELLING@359 OVERBOUGHT SLOW     
TARGETS: (364 (359 354) 348), COMMITMENTS OF TRADERS: LOST MOMENTUM
 
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE: UP. OPEN INTEREST: FLAT, PRICE RANGE YEARLY: (1186-844)
TRADING: UP, ON/CLOSED BELOW TREND, MET RESISTANCE@1001, LESS MOMENTUM
TARGETS: (983 (989 995 1001) 1018), COMMITMENTS OF TRADERS: LOST MOMENTUM

WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 0.40 MMT          
TRENDS: PRICE: UP OPEN INTEREST: DOWN. RANGE: (575)-387 YEARLY            
TRADING: UP 2ND CLOSE UP ABOVE TREND, RESISTANCE@436/PREVIOUS HIGHS, MIXED    
TARGETS: (421 426 (431 436) 441 455), COMMITMENTS OF TRADERS: STEADY MOMENTUM

DOLLAR CAD/USD: (MAR/18)  4.00 DAILY LIMIT                                
TRENDS: PRICE: UP/STEEP. OPEN INTEREST: UP/STEEP. PRICE RANGE: (6810-8295) YEARLY
TRADING: UP, TAKEOFF, ABOVE TREND, TESTED 8130, CLOSED LOWER MOMENTUM   
TARGETS: (8048 (8089 8130) 8213). COMMITMENTS OF TRADERS: GAINED MOMENTUM