MAJOR GRAINS+CAD/USD-TRENDS/TRADING-MAY7/2020-THUR

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES UP: JOIN DISTINCT HIGHER LOWS-LINES 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-FLAT. VOLUME-FLAT. LONG TERM RANGE-(473-302).
TRADED UP-ON TREND/SUPPORT@314-ESCALATED ON NET BUYING-MET RESISTANCE@LAST HIGH.  
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-UP. VOLUME-FLAT. LONG TERM RANGE-(1067-791).
TRADED UP-ABOVE TREND/RESISTANCE@850-ESCALATED ON BUYING-IN FLAT CONSOLIDATION. 
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/MORE. OPEN INTEREST-UP/SLOW. VOLUME-FLAT. LONG TERM-(593-387). 
TRADED UP-DOWNSIDE TREND/MID(535-513)-ESCALATED ON NET BUYING-NO BREAKOUT-LOW CLOSE  
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/SLOW. VOLUME-FLAT. LONG TERM-(8295-6809)
TRADED UP-@TREND/MID(7109-7197)-ESCALATED ON BUYING-TESTED TOP LINE DOWN@CONVERGENCE
TARGETS/(7021 (7109-7197) 7285)/NET COMMITMENTS-HEDGERS MORE LONG/FUNDS MORE SHORT