MAJOR GRAINS+CAD/USD-TREND ACTIVITY-MAY6/2020-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-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. VOLUME-FLAT. LONG TERM RANGE-(473-302).
TRADED DOWN-TESTED/CLOSED DOWN-BELOW TREND/SUPPORT@314-ESCALATED-SELLING-TOPPY.  
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. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM RANGE-(1067-791).
TRADED-DOWN-CLOSED DOWN-ABOVE TREND-MID(821-850)-ESCALATED-SELLING-FLAT LOWS. 
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-UP/SLOW. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADED FLAT-CLOSED DOWN-ABOVE TREND DOWN-SUPPORT@513-DEESCALATED-NET SELLING   
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. OPEN INTEREST-UP/LESS. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED DOWN-TESTED/CLOSED DOWN BELOW TREND/7109-ESCALATED-NET SELLING-LOWER HIGH
TARGETS/(7197 (7109-7021) 6933)/NET COMMITMENTS-HEDGERS MORE LONG/FUNDS MORE SHORT