FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 04/2018

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 UP-OPEN INTEREST (MAY 04) UP/LESS (SHORT SELLING)-LONG RANGE (449-325)
TRADING: NARROWED-FLAT-BELOW TREND-TESTED/CLOSED@406 SUPPORT-NET SELLING
TARGETS: (397 401 (406-410) 415) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY 04) UP (SHORT SELLING)-LONG RANGE (1186-844)
TRADING: NARROWED-FLAT-ABOVE TREND-MET SUPPORT@1036-NET SELLING-POTENTIAL BOTTOM
TARGETS: (1030 (1036-1041-1047-1053) 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 (MAY 04) FLAT (OFFSET). LONG RANGE-(575-387)            
TRADING: NARROWED-FLAT-ON TREND-MET SUPPORT@525-SELLING-POTENTIAL TOP
TARGETS: (520 525-530-534)-539 544) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY 04) UP GRADUAL (OFFSET) LONG RANGE (8295-6810)
TRADING: WIDENED-FLAT-UPSIDE TREND-TESTED 7745/SUPPORT-OFFSET BUYING-MAKING TOP
TARGETS: (7800 (7791-7745) 7736 7727 7718 ) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION