MAJOR GRAINS-CAD/USD-TRENDS/TARGETS-MAY23/2019-THURSDAY

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/DOWN. OPEN INTEREST-UP/LESS. VOLUME-DOWN. RANGE/LONG TERM-(409-325)
TRADED/FLAT-MORE VOLATILE/NET SELLING-ABOVE TREND-MOVE FLAT-MORE RESISTANCE@399
TARGETS: 417 (399-380) 361)/MAY14/2019: COT: NON COMMERCIAL: SHORT/COVERED NET SHORT

SOYBEAN (JUL/2019): DAY LIMIT $0.60/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TRENDS/PRICE-DOWN. OPEN INTEREST-UP/LESS. VOLUME-DOWN. RANGE/LONG TERM-(1067-791)
TRADED/DOWN-STEADY/NET SELLING-BELOW TREND-MOVE/DOWN-RESISTANCE MID (840-812)
TARGETS/(869 (840-812) 784)/MAY14/2019: COT: NON COMMERCIAL: SHORT/SOLD SHORT

WHEAT JUL/2019): DAILY LIMIT $0.35/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN/LESS. VOLUME-UP. RANGE/LONG TERM-(593-387)
TRADED/FLAT-MORE VOLATILE/NET SELLING-MOVE/FLAT-RESISTANCE DOWNSIDE 485    
TARGETS: 505 (485-466) 446)/MAY14/2019: COT COMMERCIAL: LONG/SOLD NET SHORT

DOLLAR CAD/USD (JUN/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. RANGE/LONG TERM (8295-6810)
TRADED/DOWN-LESS VOLATILE/SELLING-BELOW/TREND-MOVE/FLAT@BOTTOM MID (7480-7393)
TARGETS: (7566 (7480-7393) 7310)/MAY14/2019: NON COMMERCIAL-SHORT/SOLD LONG