MAJOR GRAINS+CADUSD-TREND ANALYSIS-JUN2/2020-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-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-UP/SLOW, OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(473-302)
TRADED FLAT-ABOVE TREND-RESISTANCE@327-LOST MOMENTUM-MIXED-CLOSED UP-ON OLD HIGHS.   
TARGETS/(309 (327-344) 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-FLAT. VOLUME-FLAT. LONG TERM RANGE-(1067-791).
TRADED UP-ABOVE TREND-TESTED 850-FLAT MOMENTUM-NET BUYING-RESISTANCE@HIGHS HELD. 
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-UP/MODERATE. OPEN INTEREST-FLAT/UP. VOLUME UP. LONG TERM-(593-387). 
TRADED DOWN-UPSIDE TREND-RESISTANCE@519-FLAT MOMENTUM-SELLING-CLOSE UP-FLAT HIGH.  
TARGETS/(470 (495-519) 543)/NET COMMITMENTS-HEDGERS LESS LONG/FUNDS NOW EVEN

DOLLAR (D6M20) CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE DOWN/MAJOR. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED UP-ABOVE TREND-CLOSED ABOVE-7372-LOST MOMENTUM-BUYING-NEED HIGHER CLOSE.
TARGETS/(7460 (7372-7185) 7197)/NET COMMITMENTS-HEDGERS LESS LONG/FUNDS LESS SHORT