MAJOR GRAINS+CAD/USD-TREND ANALYSIS-APR27/2020-MONDAY

CONFIRMING-THIS REPORT IS FOR APRIL 27-MONDAY 
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-DOWN/EXPIRY. VOLUME-DOWN. LONG TERM-(473-302).
TRADED DOWN/STEEP-ESCALATED-SELLING-BELOW TREND-SUPPORT PREVAILED/CLOSED@314.  
TARGETS/(355 (334-314) 294)/NET COMMITMENTS-COMS ACCUMULATED/NON COMS COVERED.

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.99MMT 
TRENDS PRICE-DOWN/MORE. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM-RANGE-(1067-791).
TRADING DOWN/STEEP-STEADY-SELLING-ABOVE TREND-MINOR SUPPORT MID(850-821) PREVAILED. 
TARGETS (878 (850-821) 792/NET COMMITMENTS-COMS COVERED/NON COMS SOLD SHORT

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 3.63MMT 
TRENDS PRICE-REVISED DOWN.-OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE-(593-387). 
TRADED DOWN-DEESCALATED-NET SELLING-UPSIDE TREND-SUPPORT MID(535-513) PREVAILED.    
TARGETS/(557 (535-513) 491)/NET COMMITMENTS-COMS /NON COMS FLAT IN OFFSET

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED FLAT-DEESCALATED-BUYING-OFF/DOWNSIDE TREND-TESTED/CLOSED UP ABOVE 7109
TARGETS/(7197 (7109-7021) 6933)/NET COMMITMENTS-COMS COVERED/NON COMS IN OFFSET