MAJOR GRAINS+CAD/USD-TRENDS/TRADING-JAN22/2020-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING DISTINCT LOWER HIGHS 
TRADING: DIRECTION-ACTIVITY-MOMENTUM, (HI/LO PRICE RANGE)-TRENDS-TARGETS
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCH20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS (CHINA)-2019/20=DOWN 0.75MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN LONG TERM RANGE (352-473)
TRADING UP-NET SELLING-LOSING MOMENTUM-ABOVE TREND-FLAT CLOSES/CONSOLIDATION@387  
TARGETS/(405 (387-369) 352)/(NET) COMMITMENT-HEDGERS LESS SHORT/TRADERS LESS LONG 

SOYS (ZSH20)-DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 0.27MMT 
TRENDS: PRICE DOWN/STEEP. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM RANGE (791-1067) 
TRADING DOWN-SELLING-LOST MOMENTUM-BELOW STEEP TREND-CLOSED DOWN-ABOVE 903 
TARGETS/(960 (932-903) 875)/(NET) COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS (CHINA)-19/20=DOWN 0.57MMT 
TRENDS: PRICE UP. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (387-593). 
TRADING UP-NET SELLING-FLAT MOMENTUM-ABOVE TREND-TESTED/CLOSED DOWN BELOW 581    
TARGETS/(541 (561-581) 603)/(NET) COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-UP/MODERATE. OPEN INTEREST-FLAT. VOLUME-UP. LONG TERM (6809-8295)
TRADING DOWN-NET SELLING-GAINED MOMENTUM-DOWNSIDE TREND-CLOSED DOWN BELOW 7634 
TARGETS/(7552-7634) 7717)/(NET) COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG