FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 05/2018
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-FLAT, OPEN INTEREST-UP, PRICE RANGE, YEARLY-(325-449)           
TRADING: DOWN, OFFSET, TOWARD BOTTOM OF FLAT CONSOLIDATION@348, VOLUME-UP       
TARGETS: (325 (343 361) 379), COMMITMENTS OF TRADERS: NET SHORT COVERING
 
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-UP, PRICE RANGE, YEARLY-(844-1186)
TRADING: DOWN, SELLING BELOW TREND, TESTED 972/MINOR SUPPORT, VOLUME-DOWN
TARGETS: (1018 (989 960) 931), COMMITMENTS OF TRADERS: NET SHORT COVERING

WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 0.40 MMT          
TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-DOWN/GRADUAL RANGE-(387-575) YEARLY            
TRADING: MOVE DOWN, SELLING, BELOW TREND, @441/MINOR SUPPORT, VOLUME-UP   
TARGETS: (426 (446 465) 485), COMMITMENTS OF TRADERS: NET SHORT COVERING

DOLLAR CAD/USD: (MAR/18)  4.00 DAILY LIMIT                                
TRENDS: PRICE-UP/LESS. OPEN INTEREST-FLAT. PRICE RANGE-(6810-8295) YEARLY
TRADING: DOWN, SELLING, BELOW TREND, THROUGH 8007/MINOR SUPPORT, VOLUME-UP
TARGETS: (7965 (8048 8130) 8213). COMMITMENTS OF TRADERS: SELLING NET SHORT