MAJOR GRAIN+CAD/USD-TREND ANALYSIS-AUGUST23/2019-THURS

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: TRENDS UP-DISTINCT HIGHER LOWS-TRENDS DOWN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-MOVE-VOLATILITY (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=4.81MMT UP
TRENDS/PRICE-DOWN/STEEP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(473-364)
TRADED UP-MOVE UP-ESCALATED-MATCHED-ABOVE TREND-LAST LOW-364/TODAY-368-TRENDS WEAK
TARGETS/(401 (382-364) 345)TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG 

SOYS (NOV/2019) DAILY LIMIT $0.65/BU-WORLD FINAL STOCKS/LESS CHINA-2019/20=0.78MMT DOWN
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM (1067-791) 
TRADED UP-MOVE UP-ESCALATED-SELLING-@TREND/RESISTANCE-NOTE: TREND/MOVE CONVERGENCE
TARGETS/(929 (901-872) 844) TRADERS/COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS/LESS CHINA-2019/20=1.16MMT DOWN 
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-UP/GRADUAL. VOLUME-FLAT/LOW. RANGE-(593-418). 
TRADED UP-MOVE UP-ESCALATED-NET BUYING-BELOW TREND-TESTED/CLOSED ABOVE MID RANGE 469      
TARGETS/(499 (479-459) 438) TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/LESS 1X. OPEN INTEREST-DOWN. VOLUME-FLAT. RANGE (8295-6810)
TRADED DOWN-MOVE FLAT-DEESCALATED-NET SELLING-MET RESISTANCE@TREND/CLOSED BELOW    
TARGETS/(7672 (7587-7501) 7416)/COMMERCIALS LESS SHORT-NON COMMERCIALS MORE LONG