FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 11/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE/MOVES 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 (DEC/18): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS DOWN 4.46MMT PROJECTED
TRENDS: DOWN/LESS-OPEN INTEREST UP-VOLUME FLAT-ULTIMATE RANGE (449-325) 
TRADING: MOVE DOWN-BELOW TREND-ON/DOWNSIDE 361-LESS MOMENTUM-SELLING 
TARGETS: (397 (379-361) 343) COMMITMENTS-MOMENTUM-NON COMMERCIAL LONG LIQUIDATION  

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: DOWN/MORE SO-OPEN INTEREST UP-VOLUME UP-ULTIMATE RANGE (1186-844)
TRADING: MOVE DOWN-ABOVE TREND-PENETRATING MID 873-844, MORE MOMENTUM-SELLING
TARGETS: (902 (873-844) 815)-COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED          
TRENDS: DOWN-OPEN INTEREST DOWN-VOLUME FLAT-ULTIMATE RANGE (575-387)
TRADING: MOVE DOWN/STEEP-PENETRATED TREND/485-STRONG STEADY MOMENTUM-SELLING
TARGETS: ((505-485-466) 446) COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: DOWN/MORE-OPEN INTEREST DOWN-VOLUME UP-ULTIMATE RANGE (8295-6810)
TRADING: DOWN-ABOVE ORIGINAL TREND-INSIDE 7635-7553, MORE MOMENTUM-NET SELLING
TARGETS: (7718-7635-7553) 7470) COMMITMENTS-MOMENTUM-NON COMMERCIAL LIQUIDATION