MAJOR GRAINS+CAD/USD-TREND ANALYSIS-APR22/2020-WED

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

CORN (ZCN20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 5.83MMT
TRENDS PRICE-DOWN, OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-RANGE (473-302).
TRADED UP-VOLATILITY STEADY-NET BUYING-ABOVE TREND-RESISTANCE/CLOSE@325 (VALID).  
TARGETS/(355 (334-314) 294)/NET COMMITMENTS-COMS COVERED/NON COMS SOLD SHORT

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.99MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-UP. LONG TERM-RANGE-(1067-791).
TRADED UP-VOLATILITY DECREASED-MIXED SELLING-ABOVE TREND-RESISTANCE@850-PREVAILED. 
TARGETS (878 (850-821) 792/NET COMMITMENTS-COMS SOLD SHORT/NON COMS ACCUMULATED

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 3.63MMT 
TRENDS PRICE-DOWN.-OPEN INTEREST-UP.VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADED DOWN-VOLATILITY DECREASED-NET SELLING-DOWNSIDE TREND-UPSIDE 535.    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-COMS COVERED/NON COMS SOLD SHORT

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE DOWN. OPEN INTEREST-FUP. VOLUME-FLAT. LONG TERM-(8295-6809)
TRADED DOWN-VOLATILITY DECREASED-NET SELLING-ON TREND-UPSIDE SUPPORT@7021
TARGETS/(7197 (7109-7021) 6933)/NET COMMITMENTS-COMS/NON COMS BOTH ACCUMULATED