MAJOR GRAINS+CAD/USD-TREND ACTIVITY-MAY4/2020-MON

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-TREND-TARGET-VOLATILITY (HI/LO PRICE RANGE LENGTH)-ACTIVITY
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/MORE. VOLUME-FLAT. LONG TERM-(473-302).
TRADED DOWN-AWAY FROM TREND-TESTED/CLOSED DOWN ABOVE SUPPORT@314-BUYING.  
TARGETS/(355 (334-314) 294)/NET COMMITMENTS-HEDGERS MORE LONG/ FUNDS MORE SHORT.

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.99MMT 
TRENDS PRICE-DOWN/MORE. OPEN INTEREST-DOWN/LESS. VOLUME-DOWN. LONG TERM-(1067-791).
TRADED-DOWN-ABOVE LOWER TREND-RESISTANCE@850-SUPPORT@LAST LOW-ESCALATED-SELLING. 
TARGETS (878 (850-821) 792/NET COMMITMENTS-HEDGERS LESS SHORT/FUNDS LESS LONG

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 3.63MMT 
TRENDS PRICE-DOWN.-OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM RANGE-(593-387). 
TRADED DOWN-TREND/520 AS RESISTANCE-SUPPORT@LAST LOW-NET BUYING-ON CONVERGENCE   
TARGETS/(557 (535-513) 491)/NET COMMITMENTS-HEDGERS LESS SHORT/FUNDS LESS LONG

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP/LESS. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED DOWN-TESTED/CLOSED ABOVE TREND@7109-DEESCALATED-BUYING-BELOW CONVERGENCE
TARGETS/(7197 (7109-7021) 6933)/NET COMMITMENTS-HEDGERS MORE LONG/FUNDS MORE SHORT