MAJOR GRAINS+CAD/USD-TRENDS/TRADING-MAY12/2020-TUES

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 2.56MMT
TRENDS PRICE-DOWN, OPEN INTEREST-FLAT. VOLUME-DOWN/LESS. LONG TERM RANGE-(473-302).
TRADING UP-TESTING TREND-RESISTANCE@326/HIGHS-WEAK-BUYING-NO CONSECUTIVE CLOSES UP.  
TARGETS/(309 (326-344) 362)/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-UP/LESS. VOLUME-FLAT. LONG TERM RANGE-(1067-791).
TRADED FLAT-ON/UPSIDE TREND/850-WEAK-NET SELLING-NO BREAKOUT UP-RESISTANCE HELD . 
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/MORE. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM-(593-387). 
TRADED DOWN-BELOW TREND-TESTED SUPPORT@513-MODERATE-NET BUYING-TREND CONFIRMED  
TARGETS/(557 (535-513) 491)/NET COMMITMENTS-HEDGERS LESS SHORT/FUNDS LESS LONG

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE DOWN/NEW. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM-(8295-6809)
TRADED DOWN-DOWNSIDE TREND-MET SUPPORT@7109-WEAK-NET SELLING-DISTINCT LOWER HIGH
TARGETS/(7197 (7109-7021) 6933)/NET COMMITMENTS-HEDGERS FLAT LONG/FUNDS MORE SHORT