FARM COMMODITY TREND ANALYSIS FEB/28/2017 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 (MAY/17): 25 CENT DAILY LIMIT FREE WORLD STOCKS/UP OPEN INTEREST/DOWN  
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY UP SELLING ONSIDE/CLOSED BELOW MID CHANNEL MET RESISTANCE@385
TARGETS: UP  (363  (367  372)  377  385)  NET COMMITMENTS: HEDGERS MORE SHORT 

SOYS (MAY/17): 65 CENT LIMIT FREE WORLD STOCKS DOWN OPEN INTEREST/DOWN
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS
TRADING: DAILY UP  SELLING  UPSIDE CHANNEL BOTTOM  MET RESISTANCE @ 1049  
TARGETS: UP, (1022 1030 1038 1049)  NET COMMITMENTS: HEDGERS MORE SHORT 

WHEAT (MAY/17): 35 CENT DAILY LIMIT FREE WORLD STOCKS/UP OPEN INTEREST/DOWN    
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY UP SELLING MET RESISTANCE@/CLOSED BELOW TOP (+) 454              
TARGETS: UP, 429 (443  454)  462  471)  NET COMMITMENTS: HEDGERS LESS LONG 

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT. OPEN INTEREST/DOWN
TREND CHANNEL: MONTHLY DOWN/GRADUAL WIDE RANGE
TRADING: DAILY DOWN SELLING IN LOWER UPPER CHANNEL MET SUPPORT @ 7503         
TARGETS: DOWN, (7669 (7628 7554 7503) NET COMMITMENTS: HEDGERS MORE SHORT   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,   OPEN INTEREST/DOWN
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS
TRADING: DAILY DOWN SELLING DOWNSIDE MID CHANNEL MET SUPPORT @ 159) 
TARGETS: (159  (164)  169)  176  NET COMMITMENTS: HEDGERS: LESS SHORT