MAJOR GRAINS+CADUSD-TREND ANALYSIS-MAY19/2020-TUES

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM 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 2.56MMT
TRENDS PRICE-DOWN, OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE-(473-302)
TRADING UP-ABOVE TREND@RESISTANCE MID(334-314)-GAINED MOMENTUM-SELLING-NO BREAKOUT   
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-2.68MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE-(1067-791).
TRADING FLAT-ON TREND-DOWNSIDE RESISTANCE@850-STEADY MOMENTUM-NET SELLING. 
TARGETS (878 (850-821) 792/NET COMMITMENTS-HEDGERS MORE SHORT/FUNDS MORE LONG

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 3.34MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM-(593-387). 
TRADED FLAT-ALONG TREND-ABOVE SUPPORT@494-LOST MOMENTUM-NET BUYING-CLOSED UP.  
TARGETS/(542 (518-494) 471)/NET COMMITMENTS-HEDGERS MORE LONG/FUNDS LESS LONG

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE DOWN. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM-(8295-6809)
TRADING UP-ABOVE TREND/LAST HIGH/7197-LOST MOMENTUM-NET BUYING-TESTING RESISTANCE .
TARGETS/(7285 (7197-7109) 7021)/NET COMMITMENTS-HEDGERS FLAT LONG/FUNDS MORE SHORT