MAJOR GRAINS+CADUSD-TREND ANALYSIS-MAY27/2020-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=(LENGTH-HI/LO PRICE RANGE)-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/FLAT. VOLUME-FLAT. LONG TERM RANGE-(473-302)
TRADED FLAT-ABOVE TREND-IN FLAT CONSOLIDATION-RESISTANCE@325-LOST MOMENTUM-MIXED.   
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/DAY. LONG TERM RANGE-(1067-791).
TRADING UP-ABOVE TREND-MET RESISTANCE@850/PREVIOUS HIGH-LOST MOMENTUM-BUYING. 
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 3.34MMT 
TRENDS PRICE-DOWN/STEEP. OPEN INTEREST-UP. VOLUME DOWN. LONG TERM-(593-387). 
TRADING-ON TREND-ABOVE 495-GAINED MOMENTUM-NET SELLING-TREND CONVERGING.  
TARGETS/(543 (519-495) 470)/NET COMMITMENTS-HEDGERS MORE LONG/FUNDS NOW SHORT

DOLLAR (D6M20) CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE DOWN. OPEN INTEREST-UP. VOLUME-DOWN/DAY. LONG TERM-(8295-6809)
TRADING UP-ABOVE TREND-@7285-LOST MOMENTUM-SELLING-LOWER CLOSE-NO BREAKOUT UP
TARGETS/(7285 (7197-7109) 7021)/NET COMMITMENTS-HEDGERS FLAT LONG/FUNDS MORE SHORT