FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 02/2018
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 (MAY/18): $0.25/BU, PROJECTED WORLD ENDING STOCKS DOWN 3.48 MMT            
TRENDS: PRICE-UP, OPEN INTEREST-UP/ABOVE, PRICE RANGE-YEARLY-(325-449)           
TRADING: UP/MATCHED BUYING,ABOVE TREND.MET RESISTANCE@388.DEESCALATED                
TARGETS: (379 (383 388) 392 397) COMMITMENTS: MOMENTUM-NON COMMERCIALS COVERED
 
SOYBEANS (MAY/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: PRICE-UP/(STEEP), OPEN INTEREST-UP ABOVE, PRICE RANGE, YEARLY-(844-1186)
TRADING: UP/NET SELLING.ABOVE TREND.TESTED/CLOSED BELOW RESISTANCE@1076.STEADY  
TARGETS/MAJOR: (1047 1076 1105) COMMITMENTS: MOMENTUM-COMMERCIALS LIQUIDATED

WHEAT (MAY/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 1.92 MMT          
TRENDS: PRICE-UP, OPEN INTEREST-UP/ON TREND, RANGE-(387-575) YEARLY            
TRADING: UP/DOUBLE SPIKE TOP.NET SELLING.MEETING RESISTANCE@520/MINOR.DEESCALATED      
TARGETS/MAJOR: (485 505 525 545), COMMITMENTS: MOMENTUM-NON COMMERCIALS COVERED

DOLLAR CAD/USD: (MAR/18)  4.00 DAILY LIMIT                                
TRENDS: PRICE-DOWN(STEEP). OPEN INTEREST-FLAT. PRICE RANGE-(6810-8295) YEARLY
TRADING: DOWN/NET SELLING.BELOW NEW TREND.MET SUPPORT@7749.STEADY 
TARGETS/MAJOR (7749 7658 7566 7476). COMMITMENTS: MOMENTUM-COMMERCIALS COVERED