FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 17/2018

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/(MAY16) UP (NET COVERING SHORT)-LONG RANGE (449-325)
TRADING: DOWN-MOVE DOWN-STEADY-BELOW 2 YEAR TREND-MORE RESISTANCE@401-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-OPEN INTEREST (MAY16) UP (SELLING SHORT)-LONG RANGE (1186-844)
TRADING: MOVE DOWN-DECELERATED-TESTED 2 YEAR TREND-TESTED 996-NET 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 (MAY16) DOWN (COVERING MATCHED)-RANGE-(575-387)            
TRADING: UP-MOVE DOWN-ACCELERATED-ABOVE TREND-MET RESISTANCE@505-SELLING OFFSET
TARGETS: (485-(495-500-505 525) COMMITMENTS OF TRADERS-(MAY08)-NET COVERING SHORT 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY16) DOWN (COVERING SHORT) RANGE (8295-6810)
TRADING: UP-MOVE DOWN-DECELERATED-ON TREND-MET RESISTANCE@7840-OFFSET SELLING
TARGETS: (7931 7840-7804 7749) COMMITMENTS OF TRADERS-(MAY 15)-FLAT OFFSET