FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 24/2018

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS:  LINES DOWN-CONNECTING LOWER HIGHS, UP-CONNECTING HIGHER LOWS. 
TRADING: DIRECTION/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 2.73MMT PROJECTED
TRENDS: PRICE DOWN/LESS-OPEN INTEREST UP-VOLUME UP-ULTIMATE RANGE (449-325) 
TRADING: DOWN/ACCELERATED-CLOSER TO TREND/361-NEW LOWER HIGH-SELLING  
TARGETS: (397 (379-361) 343) COMMITMENTS-MOMENTUM-NON COMMERCIAL SHORT SELLING  

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 11.25MMT PROJECTED
TRENDS: PRICE DOWN/LESS-OPEN INTEREST UP/LESS-VOLUME UP-ULTIMATE RANGE (1186-826)
TRADING: MOVE UP/ACCELERATED-ABOVE TREND-PENETRATED/CLOSED@ 873-NET BUYING
TARGETS: (902 (873-844) 815)-COMMITMENTS-MOMENTUM-NON COMMERCIAL SHORT SELLING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 5.28MMT PROJECTED          
TRENDS: PRICE DOWN/LESS-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (575-387)
TRADING: DOWN/STEADY-ABOVE TREND-MET SUPPORT@505-NO BREAKOUT UP-WEAK SELLING
TARGETS: (545 (525-505) 485)  COMMITMENTS-MOMENTUM-COMMERCIAL SHORT SELLING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: PRICE DOWN/LESS-OPEN INTEREST FLAT-VOLUME DOWN-ULTIMATE RANGE (8295-6810)
TRADING: DOWN/DECELERATED-ON/CLOSED ABOVE TREND-BELOW RESISTANCE@7635-OFFSET
TARGETS: (7718 (7635-7553) 7470) COMMITMENTS-MOMENTUM-NON COMMERCIAL COVERING