FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 28/2018
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, OPEN INTEREST-DOWN/CH EXPIRY, PRICE RANGE, YEARLY-(325-449)
TRADING: UP/NET BUYING, ALONG TREND, TESTED/CLOSED@374 FIRST NOTICE COVERING
TARGETS: (365 (370 374 379) 383 388) COMMITMENTS: UP, NON COMMERCIALS MORE NET LONG
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: PRICE-UP/(LESS STEEP), OPEN INTEREST- DOWN/, PRICE RANGE, YEARLY-(844-1186)
TRADING: UP/NET BUYING, ABOVE/PARALLEL TREND, CLOSED UP/BELOW RESISTANCE@1047
TARGETS: (1030 (1035 1041 1047) COMMITMENTS: UP, NON COMMERCIALS, MORE NET LONG,
WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 1.92 MMT
TRENDS: PRICE-UP, OPEN INTEREST-DOWN/CH EXPIRY, RANGE-(387-575) YEARLY
TRADING: UP/BEAR SQUEEZE, UP/HIGHER ABOVE TREND, ACCELERATED, CLOSED ABOVE 485
DOLLAR CAD/USD: (MAR/18) 4.00 DAILY LIMIT
TRENDS: PRICE-UP/(LAST REVISED). OPEN INTEREST-DOWN/(LESS). PRICE RANGE-(6810-8295) YEARLY
TRADING: DOWN/SELLING, CLOSED BELOW TREND 7800. MOVE DOWN, LOWER CLOSE-TREND DOWN
TARGETS: (7749 7800 7883) 7924). COMMITMENTS: NON COMMERCIALS, LESS NET LONG, SELLING
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