MAJOR GRAINS+CAD/USD-TREND ANALYSIS-DEC03/2019-TUES

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

CORN (ZCH20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 6.07MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADED FLAT-ABOVE TREND-LESS VOLATILE-TEST OF TOP OF FLAT CONSOLIDATION-BELOW 387  
TARGETS/(405 (387-369) 352)/NET COMMITMENT-HEDGERS COVERED/TRADERS LIQUIDATED 

SOYBEANS (ZSF20) DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 0.01MMT 
TRENDS: PRICE-DOWN/STEEP. OPEN INTEREST-UP. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED FLAT-ON TREND-LESS VOLATILE-CLOSED FLAT-BELOW TREND/875 AS RESISTANCE 
TARGETS/(903-(875-847) 819)/NET COMMITMENT-HEDGERS ACCUMULATED/TRADERS SOLD SHORT

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.47MMT 
TRENDS: PRICE-UP/REVISED. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE (387-593). 
TRADING DOWN-ON TREND-MORE VOLATILE-TESTED-SUPPORT@TREND/PREVIOUS HIGHS-ABOVE 520     
TARGETS/(500 (520-540) 561)/NET COMMITMENT-HEDGERS LIQUIDATED/TRADERS COVERED

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE (6809-8295)
TRADING DOWN-ON TREND-MORE VOLATILE-FLAT@LOW OF CONSOLIDATION-BELOW 7552  
TARGET/(7634 (7552-7469) 7387)/NET COMMITMENT-HEDGERS COVERED/TRADERS SOLD SHORT