MAJOR GRAINS+CADUSD-TREND ANALYSIS-MAY21/2020-THUR

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-DOWN. LONG TERM RANGE-(473-302)
TRADING/CLOSED DOWN-ON TREND-ABOVE 314-GAINED MOMENTUM-MIXED-FLAT CONSOLIDATION.   
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).
TRADED/TESTED/CLOSED DOWN BELOW TREND/RESISTANCE@850-GAINED MOMENTUM 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/STEEP. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM-(593-387). 
TRADED UP/CLOSED UP/ABOVE TREND-TESTED RESISTANCE@518-LOST MOMENTUM-NET SELLING.  
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/CLOSED DOWN-ABOVE TREND-MET RESISTANCE@7197-STEADY MOMENTUM-NET SELLING.
TARGETS/(7285 (7197-7109) 7021)/NET COMMITMENTS-HEDGERS FLAT LONG/FUNDS MORE SHORT