FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 01/2018

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE DOWN-ON LOWER HIGHS. PRICE UP-ON HIGHER LOWS 
TRADING: POSITION/LENGTH OF PRICE RANGE. RELATIVE TO MOVES TRENDS TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES RESISTANCE SUPPORT

CORN (JUL/18): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS PROJECTED DOWN 1.34 MMT           
TRENDS: PRICE 1ST UP-OPEN INTEREST/30TH UP (SHORT SELLING) RANGE YEARLY-(325-449)           
TRADING: UP/ WIDENED-MOVE UP-BELOW REVISED TREND-RESISTANCE@406-BUYING
TARGETS: (397-401-406)-410-415 433) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST/30TH FLAT (SELLING)-RANGE YEARLY-(844-1186)
TRADING: DOWN/NARROWED-TOP DOWN-ABOVE TREND-MET RESISTANCE@1062-NET BUYING
TARGETS: (1018 1030-(1047-1062) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP/STEEP. OPEN INTEREST/30TH FLAT (OFFSET). RANGE YEARLY-(387-575)            
TRADING: UP/WIDENED-MOVE UP-ON TREND-TESTED RESISTANCE@525-NEW HIGH-NET BUYING.
TARGETS: (466 485 (505-525) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST/30TH FLAT (OFFSET) RANGE YEARLY-(6810-8295)
TRADING: DOWN/WIDENED-MOVE FLAT-RESISTANCE@7801 PREVAILS-OFFSET BUYING
TARGETS: (7696 7744 (7763-7801) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION