FARM COMMODITIES-TREND ANALYSIS-JANUARY 29/2018
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-UP/MODERATE OPEN INTEREST-UP/STEEP PRICE RANGE YEARLY-(449-325)           
TRADING: UP, BREAKOUT, MET 1ST RESISTANCE@359/PREVIOUS HIGH, LOW MOMENTUM       
TARGETS: (348 (354 359) 364), COMMITMENTS OF TRADERS: LOST MOMENTUM
 
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE-UP/STEEP. OPEN INTEREST-FLAT/UP PRICE RANGE YEARLY-(1186-844)
TRADING: UP, PARALLEL BELOW TREND/RESISTANCE@1001, MIXED EQUAL 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/MODERATE OPEN INTEREST-DOWN/GRADUAL. RANGE-(575)-387 YEARLY            
TRADING: UP ON TREND, RESISTANCE@/CLOSED ABOVE 451, BUYING STEADY MOMENTUM    
TARGETS: (436 (441 446 451) 455), COMMITMENTS OF TRADERS: STEADY MOMENTUM

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