FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 10/2018

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 PROJECTED ENDING STOCKS DOWN 43.63MMT           
TRENDS: PRICE UP-OPEN INTEREST (MAY 09) UP (MATCHED)-LONG RANGE (449-325)
TRADING: FLAT WIDENED-BELOW TREND-CLOSED DOWN BELOW RESISTANCE@406-NET SELLING
TARGETS: (392 397 (401-406)-410) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD PROJECTED ENDING STOCKS DOWN 4.10MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY 09) DOWN (SHORT SELLING)-LONG RANGE (1186-844)
TRADING: FLAT-WIDENED-ON/CLOSED BELOW TREND-TESTED RESISTANCE@1030-NET SELLING
TARGETS: (960-989-(1013-1018-1024-1030) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD PROJECTED ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST (MAY 09) FLAT (OFFSET)-LONG RANGE-(575-387)            
TRADING: DOWN-WIDENED-BELOW TREND-TESTED 515/RESISTANCE-CLOSED DOWN-NET SELLING
TARGETS: (466-(500-505-510-515) 520) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY 09) UP (OFFSET BUYING) LONG RANGE (8295-6810)
TRADING: UP-WIDENED-ABOVE TREND/CONSOLIDATION-RESISTANCE/CLOSED@7840-BUYING
TARGETS: (7840(7804-7776-7749-7713) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION