FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 07/2018
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/NEW, OPEN INTEREST-UP/HIGHER, PRICE RANGE, YEARLY-(325-449)           
TRADING: UP, HIGHER CONSECUTIVE CLOSE ABOVE OLD TREND, HIGH/365 VOLUME-VERY HIGH          
TARGETS: (361 365) 370 374 379), COMMITMENTS OF TRADERS: NET SHORT COVERING
 
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE-UP/HIGHER, OPEN INTEREST-DOWN, PRICE RANGE, YEARLY-(844-1186)
TRADING: MOVE UP, DEESCALATED, RESISTANCE@TREND/@989, LOWER CLOSE, VOLUME-HIGH
TARGETS: (960 966 977 (983 989), 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-FLAT, RANGE-(387-575) YEARLY            
TRADING: MOVE UP/ESCALATED, ON TREND, RESISTANCE @446, BUYING, VOLUME-HIGH   
TARGETS: (446 (450 455 460) 465), 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: FLAT/ESCALATED, MOVE DOWN, BELOW TREND, SELLING TO 7965, VOLUME-MODERATE
TARGETS: (7883 7924 (7965 8007) 8048). COMMITMENTS OF TRADERS: SELLING NET SHORT