MAJOR GRAINS+CAD/USD-TREND ANALYSIS-AUGUST23/2019-FRIDAY

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/MORE. VOLUME-UP. LONG TERM-(473-364)
TRADED DOWN-MOVE DOWN-ESCALATED-NET SELLING-ABOVE TREND-LOW 365-LAST MAJOR LOW-364
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-REVISED DOWN. OPEN INTEREST-REVISED UP. VOLUME-UP. LONG TERM (1067-791) 
TRADED DOWN-MOVE DOWN-ESCALATED-SELLING-ABOVE TREND-LOW 856-LAST MAJOR LOW 855
TARGETS/(929 (901-872) 844) TRADERS/COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS/LESS CHINA-2019/20=1.16MMT DOWN 
TRENDS/PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME-FLAT/LOW. RANGE-(593-418). 
TRADED FLAT-MOVE UP-ESCALATED-NET BUYING-BELOW TREND-CLOSED@477-HIGH FOR DAY 475      
TARGETS/(499 (479-459) 438) TRADERS/COMMERCIALS NOW LONG-NON COMMERCIALS LESS LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/LESS SO. OPEN INTEREST-DOWN/LESS SO. VOLUME-UP. RANGE (8295-6810)
TRADED DOWN-MOVE DOWN-ESCALATED-BUYING-MET RESISTANCE/CLOSED@TREND-ABOVE 7501    
TARGETS/(7672 (7587-7501) 7416)/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG