FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 18/2018

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/(MAY18) UP (BUYING LONG)-LONG RANGE (449-325)
TRADING: UP-MOVE DOWN-ACCELERATED-RESISTANCE MET@TREND-TESTED@401-BUYING LONG
TARGETS: 379 397 415 433 451 COMMITMENTS OF TRADERS-(MAY 15)-NET SELLING SHORT

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD PROJECTED ENDING STOCKS DOWN 4.10MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY18) FLAT ( SELLING SHORT)-LONG RANGE (1186-844)
TRADING: FLAT-MOVE DOWN-STEADY-TESTED/CLOSED AB0VE TREND + 996-SELLING
TARGETS: 989 1018 1047 1076 COMMITMENTS OF TRADERS-(MAY15)-NET COVERING SHORT

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD PROJECTED ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST (MAY18) UP (BUYING LONG)-RANGE-(575-387)            
TRADING: UP-MOVE UP-ACCELERATED-HIGHER LOW-MORE RESISTANCE@520-BUYING LONG
TARGETS: 485 505 525 544 COMMITMENTS OF TRADERS-(MAY15)-NET SELLING SHORT 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY18) FLAT (SELLING OFFSET) RANGE (8295-6810)
TRADING: DOWN-MOVE DOWN-ACCELERATED-FROM TREND-SUPPORT@7749 HELD-SELLING
TARGETS: 7931 7840 7749 7657 COMMITMENTS OF TRADERS-(MAY 15)-NET OFFSET FLAT