MAJOR GRAINS+CAD/USD-TREND ANALYSIS-DEC11/2019-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING DISTINCT LOWER HIGHS 
TRADED: DIRECTION-ACTIVITY-MOMENTUM, (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 1.17MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (352-473)
TRADED DOWN-GAINED MOMENTUM-BROKE/CLOSED OUT OF CONSOLIDATION DOWN@369/SUPPORT  
TARGETS/(405 (387-369) 352)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS LESS SHORT 

SOYBEANS (ZSF20) DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 1.18MMT 
TRENDS: PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED/CLOSED DOWN-ON SUPPORT@TREND-GAINED MOMENTUM-SELLING-LOW IN MID (903-875) 
TARGETS/(932 (903)-875 842)/NET COMMITMENT-HEDGERS NOW LONG/TRADERS NOW SHORT

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.57MMT 
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE (387-593). 
TRADING/CLOSING DOWN-ABOVE TREND-LOST MOMENTUM-TESTED SUPPORT@520/PREVIOUS HIGHS     
TARGETS/(561 (540-520) 500)/NET COMMITMENT-HEDGERS NOW SHORT/TRADERS MORE LONG

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/LESS. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (6809-8295)
TRADED UP-DOWNSIDE REVISED TREND-GAINED MOMENTUM-BUYING-UPSIDE 7552/SUPPORT 
TARGETS/(7634 (7552-7469) 7387)/NET COMMITMENT-HEDGERS SHORT/TRADERS LONG-FLAT