FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 09/2018 

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-OPEN INTEREST DOWN-VOLUME-FLAT-ULTIMATE RANGE (449-325) 
TRADING: FLAT-MOVE UP-TESTED/CLOSED ABOVE TREND/361-LESS MOMENTUM-NET 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/STEEP-OPEN INTEREST UP-VOLUME DOWN-ULTIMATE RANGE (1186-844)
TRADING: FLAT-ABOVE TREND-TESTED/CLOSED@873-LESS MOMENTUM-NET SELLING
TARGETS: (931 (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: UP/STEEP-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (575-387)
TRADING: FLAT-MOVE UP-ABOVE TREND OVERBOUGHT-TESTED/CLOSED ABOVE 505-NET SELLING
TARGETS: (485 (505-525)-545) COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: DOWN/LESS-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (8295-6810)
TRADING: MOVE UP-MET RESISTANCE@TREND/SUPPORT@7635-LESS MOMENTUM-OFFSET
TARGETS: (7718 (7635-7553) 7470) COMMITMENTS-MOMENTUM-NON COMMERCIAL LIQUIDATION