FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 16/2018

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/(MAY15) UP (BUYING LONG)-LONG RANGE (449-325)
TRADING: UP-DECELERATED-ABOVE TREND-RESISTANCE@401 LEVEL PREVAILING-NET SELLING
TARGETS: 392 (397-401) 410) COMMITMENTS OF TRADERS-(MAY 08)-NET COVERING SHORT

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD PROJECTED ENDING STOCKS DOWN 4.10MMT
TRENDS: PRICE UP/LESS-OPEN INTEREST (MAY15) UP (BUYING OFFSET)-LONG RANGE (1186-844)
TRADING: MOVE DOWN-DOUBLE TOP-ACCELERATED-ABOVE TREND-TESTED 1002-LONG SELLING
TARGETS: (996 989 996 (1002-1018) COMMITMENTS OF TRADERS-(MAY08)-ACCUMULATION  LONG

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD PROJECTED ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST (MAY15) DOWN (COVERING OFFSET)-RANGE-(575-387)            
TRADING: UP-MOVE DOWN-DECELERATED-ABOVE TREND-MORE SUPPORT@490-MATCHED
TARGETS: (480 485 (490-495-500) COMMITMENTS OF TRADERS-(MAY08)-NET COVERING SHORT 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY15) DOWN (SELLING LONG) RANGE (8295-6810)
TRADING: UP-MOVE DOWN-DECELERATED-DOWNSIDE TREND-CLOSED ABOVE 7800-BUYING
TARGETS: (7883 7800 7745 7718) COMMITMENTS OF TRADERS-(MAY 08)-ACCUMULATION LONG