MAJOR GRAINS+CAD/USD-TREND ANALYSIS-SEP04/2019-WED

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/LESS. OPEN INTEREST-UP/2 DAYS. VOLUME-DOWN. LONG TERM-(473-357)
TRADED DOWN-MOVE DOWN-DEESCALATED-SELLING BELOW TREND-TRADED/CLOSED BELOW 364
TARGETS/(382 (364-345) 326)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-INITIAL DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM (1067-791) 
TRADED UP-MOVE UP ABOVE 861-ESCALATED-BUYING-ON TREND-TESTED/CLOSED ABOVE 872
TARGETS/(901 (872-844) 815)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/MORE. OPEN INTEREST-DOWN. VOLUME-FLAT. RANGE-(593-418). 
TRADED UP-MOVE UP-DEESCALATED-BUYING-ALONG TREND-CLOSED ABOVE PREVIOUS LOWS/459      
TARGETS/(479 (459-438) 418) TRADERS/COMMERCIALS NOW SHORT-NON COMMERCIALS MORE LONG

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