FARM COMMODITY TREND ANALYSIS JAN/31/2017 TUESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL:MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-DEC/19
TRADING: WEEKLY-DOWN @UPSIDE SUPPORT@BOTTOM OF CHANNEL  TEST OF RESISTANCE@360    
TARGETS: UP  (360  363  367  372  377)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/4 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: MONTHLY UP/WIDE RANGE  PREMIUM MARKET FORWARD-AUG/17
TRADING: WEEKLY-DOWN INSIDE LOWER CHANNEL  TEST OF SUPPORT@1022            
TARGETS: UP, 990  1005  (1022  1078)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/2 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-JUL/19
TRADING: WEEKLY-DOWN  INSIDE LOWER CHANNEL  UPSIDE SUPPORT@411            
TARGETS: UP,  (411-424)  429  435  COMMITMENTS OF TRADERS: NET DECREASE WEEK/2 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: WEEKLY UP/MODERATE  MODERATE RANGE  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-FLAT  TEST OF RESISTANCE MID CHANNEL   MET RESISTANCE@7724     
TARGETS: UP, 7542  (7602  7651  7684  7724)  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/3   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: MONTHLY UP,/GRADUAL  WIDE RANGE    PREMIUM MARKET FORWARD-JAN21
TRADING: WEEKLY-FLAT  TEST OF SUPPORT MID CHANNEL  MET SUPPORT@159  
TARGETS: UP, (159  164  169  176)  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JAN/30/2017 MONDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL:MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-DEC/19
TRADING: WEEKLY-DOWN @UPSIDE SUPPORT@BOTTOM OF CHANNEL  THROUGH SUPPORT@360    
TARGETS: UP  (360  363  367  372  377)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/4 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: MONTHLY UP/WIDE RANGE  PREMIUM MARKET FORWARD-AUG/17
TRADING: WEEKLY-DOWN INSIDE LOWER CHANNEL  TEST OF SUPPORT@1022            
TARGETS: UP, 990  1005  (1022  1078)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/2 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-JUL/19
TRADING: WEEKLY-DOWN  INSIDE LOWER CHANNEL  UPSIDE SUPPORT@411            
TARGETS: UP,  387  405  (411  429)  COMMITMENTS OF TRADERS: NET DECREASE WEEK/2 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: WEEKLY UP/MODERATE  MODERATE RANGE  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-FLAT  TEST OF RESISTANCE MID CHANNEL   UPSIDE SUPPORT@7602     
TARGETS: UP, 7464  7542  (7602  7651  7684)  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/3   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: MONTHLY UP,/GRADUAL  WIDE RANGE    PREMIUM MARKET FORWARD-JAN21
TRADING: WEEKLY-FLAT  UPSIDE SUPPORT MID CHANNEL RESISTANCE@164  
TARGETS: UP, (159  164  169  176)  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JAN/27/2017 FRIDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: WEEKLY-FLAT INSIDE LOWER CHANNEL  RESISTANCE@372  SUPPORT@360    
TARGETS: UP  (360  363  367  372  377)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/4 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: WEEKLY-DOWN ONSIDE MID CHANNEL  RESISTANCE@1078  SUPPORT TESTED@1049            
TARGETS: UP, 1030  (1049  1062  1078)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/2 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: WEEKLY-DOWN  ONSIDE MID CHANNEL  RESISTANCE@435  SUPPORT TESTED@424            
TARGETS: UP,  (424  429  435)  443  COMMITMENTS OF TRADERS: NET DECREASE WEEK/2 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: UP/MODERATE  MODERATE RANGE WEEKLY  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-DOWN  ONSIDE MID CHANNEL  RESISTANCE@7684  SUPPORT@7602     
TARGETS: UP, 7464  7542  (7602  7651  7684)  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/3   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: WEEKLY-FLAT  UPSIDE MID CHANNEL RESISTANCE@176  SUPPORT TESTED@164
TARGETS: UP, (159  164  169  176)  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JAN/26/2017 THURSDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: WEEKLY-FLAT INSIDE LOWER CHANNEL  RESISTANCE@372  SUPPORT@360    
TARGETS: UP  (360  363  367  372  377)  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: WEEKLY-DOWNWARD UPSIDE MID CHANNEL  RESISTANCE@1078  SUPPORT@1049            
TARGETS: UP, 1030  (1049  1062  1078)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: WEEKLY-FLAT  ONSIDE MID CHANNEL  RESISTANCE@435  SUPPORT@424            
TARGETS: UP,  (424  429  435)  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: UP/MODERATE  MODERATE RANGE WEEKLY  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-UPWARD  UPSIDE MID CHANNEL  RESISTANCE@7684  SUPPORT@7476     
TARGETS: UP, (7464  7542  7602  7651  7684)  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: WEEKLY-FLAT-CONVERGING  INSIDE UPPER CHANNEL RESISTANCE@176  SUPPORT@159 
TARGETS: UP, (159  164  169  176)  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JAN/25/2017 WEDNESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: DOWN DAY-1ST LOWER HIGH IN MOVE-TEST OF SUPPORT@363/DOWNSIDE MID CHANNEL     
TARGETS: UP  360  (363)  367  372  377  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: DOWN DAY-5TH LOWER HIGH IN MOVE-MET SUPPORT@1049/UPSIDE MID CHANNEL             
TARGETS: UP, 1030  (1049)  1062  1077  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: DOWN DAY-1ST LOWER HIGH IN MOVE-TEST OF SUPPORT@424/ONSIDE MID CHANNEL            
TARGETS: UP,  (424)  429  435  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.   BREAKOUT UP  NEW TREND CHANNEL UP   
TREND CHANNEL: UP/MODERATE  MODERATE RANGE WEEKLY  PREMIUM FORWARD-DEC/21 
TRADING: UP DAY-3RD HIGHER LOW IN MOVE-MET RESISTANCE@7651/ONSIDE MID CHANNEL       
TARGETS: UP, 7542  (7602-7651)  7684  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: DOWN DAY-1ST LOWER HIGH IN MOVE-THROUGH SUPPORT@164/UPSIDE MID CHANNEL 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JANUARY/24/2017 TUESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION TO CHANNEL/TARGETS    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: OUTSIDE DAY IN MOVE  LOWER CLOSE  SUPPORT@363/ONSIDE MID CHANNEL     
TARGETS: UP  360  (363-367-372)  377  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: DOWN  4TH LOWER HIGH IN MOVE SUPPORT@1049/UPSIDE MID CHANNEL             
TARGETS: DOWN, 1030  (1049-1062)  1077  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: OUTSIDE DAY IN MOVE  LOWER CLOSE  MET SUPPORT@429/UPSIDE MID CHANNEL            
TARGETS: UP,  (424-429)  435  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: UP  2ND HIGHER LOW IN MOVE  MET SUPPORT@7521/UPSIDE CHANNEL TOP       
TARGETS: DOWN, (7656-7584-7556-7521)  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: 3RD HIGHER LOW IN MOVE  MET SUPPORT@164/CLOSED HIGHER INSIDE UPPER CHANNEL 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JANUARY/23/2017 MONDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION TO CHANNEL/TARGETS    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MET SUPPORT@367
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: UP  5TH HIGHER LOW IN MOVE  CLOSED FLAT UPSIDE  MID CHANNEL     
TARGETS: UP  360  363  (367) 372  377  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  PENETRATED SUPPORT@1062
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: DOWN  3RD LOWER HIGH IN MOVE  CLOSED LOWER UPPER CHANNEL             
TARGETS: DOWN, 1030  1049  (1062)  1077  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MET RESISTANCE BELOW 435
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: UP  HIGHER LOW IN MOVE  CLOSED HIGHER ABOVE MID CHANNEL            
TARGETS: UP,  424  429  (435)  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.       MODERATE VOLUME  MET RESISTANCE@7556
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: UP  HIGHER LOW IN MOVE  TESTED/CLOSED HIGHER ABOVE TOP OF CHANNEL       
TARGETS: DOWN,  (7556)  7521  7476  7448  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   MODERATE VOLUME  MET SUPPORT@164
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: INSIDE DAY IN MOVE  NET SELLING   CLOSED LOWER ABOVE MID CHANNEL 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JANUARY/20/2017 FRIDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION TO CHANNEL/TARGETS    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MET RESISTANCE@372
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: UP  4TH HIGHER LOW IN MOVE  CLOSED HIGHER ABOVE MID CHANNEL     
TARGETS: UP  360  363  367  (372)  377  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MET SUPPORT@1062
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: DOWN  2ND LOWER HIGH IN MOVE  CLOSED LOWER UPPER CHANNEL             
TARGETS: DOWN, 1030  1049  (1062)  1077  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MET SUPPORT@424
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: DOWN 3RD LOWER HIGH IN MOVE  CLOSED HIGHER ABOVE MID CHANNEL            
TARGETS: UP,  (424)  429  435  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.       MODERATE VOLUME  MET SUPPORT@7476
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: DOWN  3RD LOWER HIGH IN MOVE  CLOSED FLAT BELOW TOP OF CHANNEL       
TARGETS: DOWN,  7556  (7521-7476)  7448  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   MODERATE VOLUME  MET SUPPORT@164
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: OUTSIDE DAY  HIGHER LOW IN MOVE FOR WEEK  CLOSED ABOVE MID CHANNEL 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 

FARM COMMODITY TREND ANALYSIS JANUARY/19/2017 THURSDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  OPEN INTEREST TREND-UP
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: FLAT  STALL  NET BUYING  HIGHER CLOSE TEST OF MID CHANNEL ABOVE 360   
TARGETS: UP  351 (360-377)  395  COMMITMENTS OF TRADERS: NET INCREASE 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  OPEN INTEREST-UP
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: FLAT  STALL  NET SELLING  LOWER HIGH  UPPER CHANNEL  1078 AS RESISTANCE             
TARGETS: DOWN, 1006-1030  (1078)  1125  COMMITMENTS OF TRADERS: NET DECREASE 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   OPEN INTEREST-FLAT/DOWN
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: DOWN  MORE ACTIVE  SELLING  MID CHANNEL TEST OF SUPPORT AT 424            
TARGETS: UP,  (424)  429  435  443  COMMITMENTS OF TRADERS: NET DECREASE 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.       MODERATE VOLUME  OPEN INTEREST-UP/FLAT
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: DOWN  LESS ACTIVE  NET SELLING  DOWNSIDE CHANNEL TOP  SUPPORT ABOVE 7476      
TARGETS: DOWN,  7556  (7521-7476)  7448  7416  COMMITMENTS OF TRADERS: NET DECREASE   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   MODERATE VOLUME  OPEN INTEREST-DOWN
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: FLAT  LESS ACTIVE  SELLING  UPPER CHANNEL  DOWNSIDE 164 AS RESISTANCE 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET DECREASE 

FARM COMMODITY TREND ANALYSIS JANUARY/18/2017 TUESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: UP  LESS ACTIVE  MATCHED SELLING  RESISTANCE-MID CHANNEL  SUPPORT-360 
TARGETS: UP  351 (360)  377  395  COMMITMENTS OF TRADERS: NET INCREASE 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: UP  LESS ACTIVE  NET BUYING  DOWNSIDE-CHANNEL TOP  RESISTANCE-1078             
TARGETS: DOWN, 1006-1030  (1078-1125)  COMMITMENTS OF TRADERS: NET DECREASE 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: FLAT  LESS ACTIVE  NET SELLING  UPPER CHANNEL  RESISTANCE-435            
TARGETS: UP,  424  429  (435)  443  COMMITMENTS OF TRADERS: NET DECREASE 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.                          HIGH VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: DOWN  MORE ACTIVE  SELLING  SUPPORT-CHANNEL TOP + 7556      
TARGETS: DOWN,  7656-7584  (7556)  7521  COMMITMENTS OF TRADERS: NET DECREASE   

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,                  HIGH VOLUME
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: DOWN  MORE ACTIVE  SELLING  SUPPORT-CHANNEL BOTTOM + PREVIOUS HIGHS 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET DECREASE 

FARM COMMODITY TREND ANALYSIS JANUARY/13/2017 FRIDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: ACTIVITY  DIRECTION  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: LESS ACTIVE  MATCHED BUYING  FLAT  HIGHER LOWS  LOWER CHANNEL  DOWNSIDE 360
TARGETS: UP  351 (360)  377  395  COMMITMENTS OF TRADERS: NET INCREASE 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: DOWN/MODERATE  MEDIUM RANGE MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: LESS ACTIVE  NET BUYING  FLAT  HIGHER LOWS  TEST OF TOP AT PREVIOUS HIGHS             
TARGETS: DOWN, (1065-1022)  1005  990  COMMITMENTS OF TRADERS: NET DECREASE 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: LESS ACTIVE  NET BUYING  FLAT  HIGHER LOWS  MID CHANNEL AT 424          
TARGETS: UP, 387  411  (424)  429  443  COMMITMENTS OF TRADERS: NET DECREASE 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  MODERATE/HIGH VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: LESS ACTIVE  NET BUYING  FLAT  HIGHER LOWS  ABOVE TOP  AT OLD HIGH  BELOW 7656      
TARGETS: DOWN, (7656-7584)  7556  7521  COMMITMENTS OF TRADERS: NET DECREASE   

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,   MODERATE VOLUME
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: AS ACTIVE  NET SELLING  DOWN  LOWER HIGH  IN UPPER CHANNEL AT 164 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET DECREASE 

FARM COMMODITY TREND ANALYSIS JANUARY/12/2017 THURSDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: ACTIVITY  DIRECTION  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  HIGH VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: BUYING  CONSTANT  HIGHER LOW ABOVE BOTTOM  RESISTANCE AT 360 CONTINUES
TARGETS: UP  351 (360)  377  395  COMMITMENTS: HEDGER SOLD SHORT, SOLD LONG, LESS NET LONG

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: DOWN/MODERATE  MEDIUM RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/17
TRADING: BUYING  MORE ACTIVE  HIGHER LOW  FULL RANGE TO TOP  A BEAR SQUEEZE ??           
TARGETS: DOWN, (1065-1022)  1005  990  COMMITMENTS: HEDGER COVERED SHORT, LESS NET SHORT 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: NET BUYING  CONSTANT  HIGHER LOW  THROUGH MID CHANNEL TO RESISTANCE@429        
TARGETS: UP, 387  411  (424-429)  443  COMMITMENTS: HEDGER SOLD SHORT, LESS NET LONG

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  MODERATE/HIGH VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: NET BUYING  LESS  HIGHER LOW  ABOVE TOP  CLOSED BELOW RESISTANCE @7656      
TARGETS: DOWN, (7656-7584)  7556  7521  COMMITMENTS: HEDGER BOUGHT LONG, MORE NET LONG  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,   HIGH VOLUME
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21
TRADING: NET BUYING  LESS ACTIVE  HIGHER LOW  UP IN UPPER CHANNEL  RESISTANCE AT 169 
TARGETS: UP, 151  164  (169)  177  COMMITMENTS: HEDGER  SOLD LONG, MORE NET SHORT

FARM COMMODITY TREND ANALYSIS JANUARY/11/2017 WEDNESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: ACTIVITY  DIRECTION  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  FUTURES PREMIUM MAR17/DEC19
TRADING: BUYING  MORE ACTIVE  LOWER HIGH  TESTED SUPPORT AT CHANNEL BOTTOM/351 
TARGETS: UP  (351-360)  377  395  COMMITMENTS: HEDGER SOLD SHORT, SOLD LONG, LESS NET LONG

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  LOW VOLUME
TREND CHANNEL: DOWN/MODERATE  MEDIUM RANGE MONTHLY  FUTURES PREMIUM JAN17/AUG17
TRADING: BUYING  LESS ACTIVE  HIGHER LOW  TESTED SUPPORT AT BOTTOM/1005          
TARGETS: DOWN, 1022  (1005)  990  979  COMMITMENTS: HEDGER COVERED SHORT, LESS NET SHORT 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY   FUTURES PREMIUM  MAR17/JUL19
TRADING: NET SELLING  MORE  ACTIVE  LOWER HIGHS  DOWN THROUGH MID CHANNEL TO 411        
TARGETS: UP, 387  (411-424)  429  443  COMMITMENTS: HEDGER SOLD SHORT, LESS NET LONG

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  LOW VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  FUTURES  PREMIUM DEC16/DEC 21 
TRADING: MATCHED  MORE ACTIVE  OUTSIDE DAY  CONTINUING DOWN AT CHANNEL TOP/7556      
TARGETS: DOWN, (7656-7584-7556-7521))  COMMITMENTS: HEDGER BOUGHT LONG, MORE NET LONG  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,   HIGH VOLUME
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   FUTURES PREMIUM JAN17/JAN21
TRADING: NET BUYING  MORE ACTIVE  FLAT LOW  UP THROUGH RESISTANCE AT 164/UPPER CHANNEL  
TARGETS: UP, 151  (164)  169  177  COMMITMENTS: HEDGER  SOLD LONG, MORE NET SHORT

FARM COMMODITY TREND ANALYSIS JANUARY 10 2017 TUESDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: DIRECTION  ACTIVITY  RELATIVE STRENGTH OF CHANNEL POSITION OF TARGET     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  LOW VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  FUTURES PREMIUM MAR17/DEC19
TRADING: LESS STRENGTH  LOWER HIGH/CLOSE  RESISTANCE AT 360 IN LOWER CHANNEL  MATCHED
TARGETS: UP  351  (360)  377  395  COMMITMENTS: HEDGER SOLD SHORT, SOLD LONG, LESS NET LONG

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  LOW VOLUME
TREND CHANNEL: DOWN/MEDIUM  MEDIUM RANGE MONTHLY  FUTURES PREMIUM JAN17/AUG17
TRADING: MORE STRENGTH  HIGHER LOW/CLOSE  RESISTANCE AT 1005/BOTTOM  NET BUYING      
TARGETS: DOWN, (1005)  990  979  965  COMMITMENTS: HEDGER COVERED SHORT, LESS NET SHORT 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   LOW VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY   FUTURES PREMIUM  MAR17/JUL19
TRADING: LESS STRENGTH  LOWER HIGH/CLOSE  SUPPORT AT 424/MID CHANNEL  BUYING        
TARGETS: UP, 387  411  (424-429)  443  COMMITMENTS: HEDGER SOLD SHORT, LESS NET LONG

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  LOW VOLUME
TREND CHANNEL: DOWN  WIDE RANGE MONTHLY  FUTURES  PREMIUM DEC16/DEC 21 
TRADING: LESS STRENGTH  HIGHER LOW/EVEN CLOSE  RESISTANCE AT 7584/TOP  MATCHED  
TARGETS: DOWN, (7584-7556)  7521  7476  COMMITMENTS: HEDGER BOUGHT LONG, MORE NET LONG  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,   HIGH VOLUME
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   FUTURES PREMIUM JAN17/JAN21
TRADING: LESS STRENGTH  LOWER HIGH/CLOSE  RESISTANCE AT 164 MID CHANNEL  NET SELLING  
TARGETS: UP, 151  (164)  169  177  COMMITMENTS: HEDGER  SOLD LONG, MORE NET SHORT

FARM COMMODITY TREND ANALYSIS JANUARY 09 2017 MONDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: DIRECTION  ACTIVITY  RELATIVE STRENGTH OF CHANNEL POSITION OF TARGET     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST/DOWN  MEDIUM VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  FUTURES PREMIUM MAR17/JUL18
TRADING: LOWER HIGH  MATCHED BUYING  UPSIDE BOTTOM  MONTHLY RESISTANCE CONTINUES AT 360   
TARGETS: UP  351  (360)  377  395  COMMITMENTS: HEDGER SOLD SHORT, SOLD LONG, LESS NET LONG

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST/DOWN LOW VOLUME
TREND CHANNEL: DOWN/MEDIUM  MEDIUM RANGE MONTHLY  FUTURES PREMIUM JAN17/JUL17
TRADING: LOWER HIGHS  BUYING  RESISTANCE-CONVERGENCE WITH WEEKLY DOWN CHANNEL TOP/1005      
TARGETS: DOWN, (1005)  990  979  965  COMMITMENTS: HEDGER COVERED SHORT, LESS NET SHORT 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   OPEN INTEREST/DOWN LOW VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY   FUTURES PREMIUM  MAR17/MAY19
TRADING: FLAT/OUTSIDE DAY  NET BUYING  UPSIDE MID CHANNEL AT 424  MET RESISTANCE AT 429        
TARGETS: UP, 387  411  (424)  429  443  COMMITMENTS: HEDGER SOLD SHORT, LESS NET LONG

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/FLAT  LOW VOLUME
TREND CHANNEL: DOWN  WIDE RANGE MONTHLY  FUTURES  PREMIUM DEC16/DEC 21 
TRADING: LOWER HIGH DAY1  MATCHED  TESTED CONTINUED RESISTANCE AT TOP  ALSO AT 7584
TARGETS: DOWN, (7584)  7556  7521  7476  COMMITMENTS: HEDGER BOUGHT LONG, MORE NET LONG  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,  OPEN INTEREST/UP  MEDIUM VOLUME 
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   FUTURES PREMIUM JAN17/FEB18
TRADING: LOWER HIGH DAY 1  SELLING  FROM CHANNEL TOP  TESTED/CLOSED AT 164 AS SUPPORT  
TARGETS: UP, 151  (164)  169  177  COMMITMENTS: HEDGER  SOLD LONG, MORE NET SHORT