MAJOR GRAINS+CAD/USD-ANALYSIS-AUGUST 07/2019-WEDNESDAY

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 STFLAT-2019/20-LESS CHINA 8.39MMT UP
TRENDS/PRICE-DOWN/STEEP. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM-(473-373)
TRADED FLAT-MOVE DOWN-STEADY-OFFSET BUYING-ASIDE TREND-RESISTANCE@NECKLINE BELOW 420
TARGETS/(439 (420-401) 382) TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG 

SOYS (NOV/2019): DAILY LIMIT $0.65/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-8.13MMT DOWN
TRENDS/PRICE-DOWN/MORE 2X. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (1067-791) 
TRADED DOWN-MOVE FLAT-STEADY-BUYING-ON TREND-MEASURED SUPPORT MID 872-844 PREVAILS
TARGETS/(929 (901-872) 844) TRADERS/COMMERCIALS MORE LONG-NON COMMERCIALS NOW SHORT

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-7.58MMT DOWN 
TRENDS/PRICE-DOWN/MORE 1X. OPEN INTEREST-UP/MORE. VOLUME-DOWN. RANGE-(593-418). 
TRADED UP-MOVE FLAT-STEADY-NET BUYING-ASIDE TREND-RESISTANCE@NECKLINE MID 499-479      
TARGETS/(520 (499-479) 459) TRADERS/COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM (8295-6810)
TRADED DOWN-MOVE DOWN-DEESCALATED-NET SELLING-ON TREND-MET SUPPORT@7501     
TARGETS/(7758 (7672-7587) 7501) TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS