FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 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 DOWN 3.48 MMT            
TRENDS: PRICE-UP/LOWER, OPEN INTEREST-DOWN, PRICE RANGE, YEARLY-(325-449)           
TRADING: FLAT, ABOVE/PARALLEL TREND, RESISTANCE@367, DEESCALATED, NO BREAKOUT              
TARGETS: (359 (363 367) 372), COMMITMENTS: SHORT COVERING-TEST OF YEARLY HIGH
 
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: PRICE-UP/(VERY) STEEP, OPEN INTEREST-UP/HIGHER, PRICE RANGE, YEARLY-(844-1186)
TRADING: FLAT, ON TREND/MID RANGE, RESISTANCE@1024, CLOSED BELOW BOTH, ESCALATED, MIXED 
TARGETS: (1018/MAJOR) 1024) 1030 1035 1041 1047/MAJOR) COMMITMENTS: SHORT COVERING

WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 1.92 MMT          
TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-DOWN, RANGE-(387-575) YEARLY            
TRADING: UP, ON TREND/MID RANGE, TESTED/CLOSED BELOW 460, DEESCALATED, SELLING    
TARGETS: (446 450 (455 460) 465) 469), COMMITMENTS OF TRADERS: SHORT COVERING

DOLLAR CAD/USD: (MAR/18)  4.00 DAILY LIMIT                                
TRENDS: PRICE-UP/LESS. OPEN INTEREST-DOWN/MORE SO. PRICE RANGE-(6810-8295) YEARLY
TRADING: DOWN/REVERSAL SIGNAL, ABOVE TREND, MET SUPPORT@7965, ESCALATED, SELLING
TARGETS: (7883 (7924 7965 8007) 8048). COMMITMENTS OF TRADERS: HEDGER SHORT COVERING