3MAJOR GRAINS+CAD/USD-ANALYSIS-AUGUST09/2029-FRIDAY

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

CORN (DEC/2019): DAILY LIMIT $0.25/BU-WORLD FINAL STOCKS/LESS CHINA-2019/20-8.39MMT UP
TRENDS/PRICE-DOWN/LESS. OPEN INTEREST-LOWER. VOLUME-UP. LONG TERM-(473-373)
TRADED UP-MOVE UP-STEADY-SELLING-ABOVE TREND-TESTED RESISTANCE@420-CLOSED BELOW
TARGETS/(439 (420-401) 382) TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG 

SOYS (NOV/2019) DAILY LIMIT $0.65/BU-WORLD FINAL STOCKS/LESS CHINA-2019/20-8.13MMT DOWN
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM (1067-791) 
TRADED UP-MOVE UP/MORE-DEESCALATED-NET BUYING-DOWNSIDE TREND-MID 872-901/RESISTANCE
TARGETS/(929 (901-872) 844) TRADERS/COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-7.58MMT DOWN 
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-LOWER. VOLUME-UP. RANGE-(593-418). 
TRADED UP-MOVE UP/MORE-DEESCALATED-OFFSET SELLING-DOWNSIDE TREND-SUPPORT@499      
TARGETS/(520 (499-479) 459) TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN/MORE. VOLUME-DOWN. LONG TERM (8295-6810)
TRADED UP-MOVE UP-DEESCALATED-NET BUYING-ABOVE TREND-METRESISTANCE@7587     
TARGETS/(7758 (7672-7587) 7501)/COMMERCIALS LESS SHORT-NON COMMERCIALS MORE LONG