MAJOR GRAINS+CADUSD-TRENDS/TRADING-JUN9/2020-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/MORE, OPEN INTEREST-UP. VOLUME-UP LONG TERM RANGE-(473-302)
TRADED DOWN-DOWNSIDE TREND-TESTED/CLOSED DOWN@327-MORE MOMENTUM-SHORT SELLING.   
TARGETS/(309 (327-344) 362)/NET COMMITMENTS-HEDGERS LESS LONG/FUNDS FLAT SHORT.

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.68MMT 
TRENDS PRICE-UP/STEEP. OPEN INTEREST-FLAT. VOLUME-UP. LONG TERM RANGE-(1067-791).
TRADING DOWN-TESTED/CLOSED FLAT@TREND-ABOVE 850-FLAT MOMENTUM-OFFSETTING. 
TARGETS (821 (850-878) 907)/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-DOWN. VOLUME FLAT. LONG TERM-(593-387). 
TRADING DOWN-BELOW TREND-SUPPORT@LAST LOW-ABOVE/494-MORE MOMENTUM-LIQUIDATION.  
TARGETS/(472 (494-516) 561)/NET COMMITMENTS-HEDGERS LESS LONG/FUNDS NOW LONG

DOLLAR (D6M20) CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM-(8295-6809)
TRADED DOWN-ABOVE TREND-CLOSED@7460-MORE MOMENTUM-OFFSETTING-CLOSED FLAT.
TARGETS/(7460 (7372-7185) 7197)/NET COMMITMENTS-HEDGERS LESS LONG/FUNDS LESS SHORT