MAJOR GRAINS-CAD/USD-ANALYSIS-THURSDAY MAY 30/2019

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-UP/LESS. VOLUME-DOWN. RANGE/LONG TERM-(343-438)
TRADED/FLAT-LESS VOLATILE-BUYING-UPSIDE TREND-MOVE UP-MET RESISTANCE/CLOSED@436
TARGETS: (399 (417-436) 454)/MAY21/: COT: NON COMMERCIAL: EVEN/COVERED-ACCUMULATED

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 BUYING-OVERBOUGHT-MOVE UP-MET RESISTANCE/CLOSED@890
TARGETS/(840-(869-897) 926)/MAY21 NON COMMERCIAL: LESS SHORT, COMMERCIAL 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-DOWN. RANGE/LONG TERM-(418-593)
TRADED/DOWN-STEADY VOLATILE/NET BUYING-ON TREND-MOVE/DOWN-TESTED 505-TOPPY    
TARGETS: (466 (485-505) 525)/MAY21/2019: COT NON COMMERCIAL: SHORT/ COVERED SHORT

DOLLAR CAD/USD (JUN/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. RANGE/LONG TERM (8295-6810)
TRADED/DOWN-LESS VOLATILE/OFFSET-BELOW/TREND-MOVE/FLAT-ABOVE 7393 
TARGETS: (7566 (7480-7393) 7310)/MAY21/2019: COMMERCIAL-LESS LONG/NET LIQUIDATION