MAJOR GRAINS-CAD/USD-ANALYSIS-FRIDAY-MAY 31/2019

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TREND: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: DIRECTION. VOLATILITY (LENGTH OF HI/LO PRICE RANGE)-ACTIVITY-MOVE-TARGET 
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (JUL/2019): DAILY LIMIT $0.25/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.48MMT 
TRENDS/PRICE-UP/LESS. OPEN INTEREST-TOPPY. VOLUME-DOWN. RANGE/LONG TERM-(343-438)
TRADED/FLAT-LESS VOLATILE-NET SELLING-UPSIDE TREND-MOVE UP-RESISTANCE@436 PREVAILS
TARGETS: (399 (417-436) 454)/MAY28/2019: COT: COMMERCIAL: SELLING SHORT/MORE SHORT 

SOYBEAN (JUL/2019): DAY LIMIT $0.60/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TRENDS/PRICE-UP/LESS. OPEN INTEREST-UP. VOLUME-DOWN. RANGE/LONG TERM-(791-1067)
TRADED/FLAT-LESS VOLATILE/NET SELLING-OVERBOUGHT-MOVE UP-MET SUPPORT/CLOSED@875
TARGETS/(847-(875-903) 932)/MAY28/2019: COT: COMMERCIAL: SELLING SHORT/LESS LONG

WHEAT JUL/2019): DAILY LIMIT $0.35/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TRENDS/PRICE-UP/LESS. OPEN INTEREST-DOWN. VOLUME-FLAT. RANGE/LONG TERM-(418-593)
TRADED/UP-LESS VOLATILE/NET SELLING-ABOVE TREND-MOVE/FLAT-TESTED/CLOSED BELOW 505    
TARGETS: (466 (485-505) 525): COMMERCIAL-LESS LONG OFFSET NON COMMERCIAL-LESS SHORT

DOLLAR CAD/USD (JUN/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-UP/LESS. VOLUME-UP. RANGE/LONG TERM (8295-6810)
TRADED/DOWN-MORE VOLATILE/NET SELLING-BELOW/TREND-MOVE/DOWN-TESTED 7393 
TARGETS: (7566 (7480-7393) 7310)/MAY28: NON COMMERCIAL-LESS LONG COVERING SHORT