MAJOR GRAINS+CADUSD-TREND ANALYSIS-MAY20/2020-WED

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-MOMENTUM(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)
TRADED DOWN-ABOVE SUPPORT@TREND/314-LOST MOMENTUM-NET SELLING-NEW LOWER 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-2.68MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM RANGE-(1067-791).
TRADING UP-ON TREND-RESISTANCE@850-LOST MOMENTUM-BUYING. RESISTANCE PREVAILED. 
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/STEEP. OPEN INTEREST-UP. VOLUME UP/DAY. LONG TERM-(593-387). 
TRADED UP-MET RESISTANCE@CONVERGING TREND/518-GAINED MOMENTUM-BUYING-NEW LOW.  
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)
TRADED FLAT-ABOVE TREND-RESISTANCE@7197/LAST HIGHS PREVAILED-STEADY-NO BREAKOUT UP .
TARGETS/(7285 (7197-7109) 7021)/NET COMMITMENTS-HEDGERS FLAT LONG/FUNDS MORE SHORT