MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-APR07/2020

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 (ZCK20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.50MMT
TRENDS PRICE-DOWN/SHORT TERM. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(473-325).
TRADED UP-VOLATILITY STEADY-NET BUYING-ON TREND-TESTED CLOSED BELOW 334-CONVERGENCE.  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADED UP- VOLATILITY DOWN-MIXED SELLING-ABOVE TREND-ABOVE 850 SUPPORT-CLOSED UP. 
TARGETS/(907 (878-850) 821)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.90MMT 
TRENDS PRICE-DOWN/STEEP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADED DOWN-VOLATILITY STEADY-NET SELLING-OFF TREND-RESISTANCE@557-CLOSED DOWN-TOP.    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS ACCUMULATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP. OPEN INTEREST-DOWN/DRIFTING. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED UP-VOLATILITY UP-NET BUYING-THROUGH/CLOSED ABOVE TREND-BELOW 7197.
TARGETS/(7021 (7109-7197)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED