FARM COMMODITY SETTLEMENTS DECEMBER 8/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOVEMENT, MOMENTUM (RANGE), RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17: 25 CENT DAILY LIMIT      PENETRATED SUPPORT AT TREND
TREND: DOWN/NEW  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: 356-351-346-339-333  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: DOWN, WIDE, NET SELLING, MET SUPPORT AT/CLOSED BELOW 351

SOYBEANS/SF17: 65 CENT DAILY LIMIT  RANGES AT TOP SIGNAL LESS MOMENTUM     
TREND: UP/LESS. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: 1050-1022-1005-990, NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: DOWN, WIDE, SELLING, PENETRATED TREND, MET SUPPORT AT 1022

WHEAT/WH17: 35 CENT DAILY LIMIT      1ST HIGHER LOW ABOVE BOTTOM 
TREND: DOWN,  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, MID-RANGE, BUYING, UPSIDE TREND MET RESISTANCE BELOW 411

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  ON STEEP TREND FOR 8 DAYS,WATCH CLOSELY
TREND: UP/UP LESS   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, MID-RANGE, BUYING, PENETRATED/CLOSED ABOVE TREND/7542, 

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18, 
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: DOWN, NARROW, MATCHED, FROM TOP-DAY 4, CLOSED BELOW SUPPORT AT 164

FARM COMMODITY SETTLEMENTS DECEMBER 7/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOVEMENT, MOMENTUM (RANGE), RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17: 25 CENT DAILY LIMIT  LOW VOLUME, FORMING A TOP, ON TREND
TREND: UP/UP MORE  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: 351-360-367-377  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: DOWN, NARROW, MATCHED, MEETING RESISTANCE SINCE MID OCTOBER AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MODERATE VOLUME, ON TREND     
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: FLAT, NARROW, OFFSET BUYING, RESISTANCE @ TREND/1049

WHEAT/WH17: 35 CENT DAILY LIMIT      LOW VOLUME, ON TREND  
TREND: DOWN,  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: DOWN, MEDIUM, SELLING, SUPPORT @ TREND/402

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  LOW VOLUME. ON REVISED TREND
TREND: UP/UP LESS   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW, OFFSET SELLING, RESISTANCE @ TREND/7542 (4TH TIME) 

HEATING OIL (ULSD)HOF, 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18, BELOW TREND
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: DOWN, NARROW, SELLING, DOWNSIDE/CLOSED BELOW 164, HIGH VOLUME

FARM COMMODITY SETTLEMENTS DECEMBER 6/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT  OPEN INTEREST DOWN NEAR ULTIMATE LOW
TREND: UP/MORE  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-367-377  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP WIDE OFFSET BUYING, TESTED/CLOSED ABOVE RESISTANCE AT TREND+AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT  MET RESISTANCE AT 1062 FOR A SECOND TIME     
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: UP, MODERATE, NET SELLERS, CLOSED BELOW BOTH TREND AND 1049 AS SUPPORT

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT      MET RESISTANCE AT NOVEMBER LOWS   
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW, NET SELLERS, TESTED/CLOSED BELOW 411 AS SUPPORT

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  MET RESISTANCE AT 7542 FOR A THIRD TIME
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: (PROJECTED) 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, NARROW, NET SELLERS, OFF TREND-LESS BULLISH, CLOSED BELOW 7542 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: DOWN, NARROW, NET SELLERS, A TOP, DOWNSIDE TREND, TO BELOW SUPPORT@164 

FARM COMMODITY SETTLEMENTS DECEMBER 5/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT  GOOD RECOVERY, CLOSED ABOVE REVISED TREND
TREND: UP/MORE  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-367-377  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, WIDE, BUYERS, CLOSED BELOW RESISTANCE AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT     TESTED TREND AS RESISTANCE  
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: UP, WIDE, NET BUYERS, CLOSED BELOW BOTH TREND AND 1049

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT       TESTED-CLOSED ABOVE TREND   
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW, BUYERS, MET RESISTANCE BELOW 411

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  RANGE DOWNSIDE TREND
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: (PROJECTED) 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, WIDE, NET BUYERS, MET RESISTANCE AT 7542 , 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: FLAT, NARROW, MATCHED, MET RESISTANCE/CLOSED@TREND ABOVE 164 

FARM COMMODITY SETTLEMENTS DECEMBER 2/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT    PAUSE, HIGHER LOW
TREND: UP/LESS  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  325-340-351-360  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: FLAT, NARROW RANGE, NET BUYERS, DOWNSIDE TREND, BELOW 351

SOYBEANS/SF17: 65 CENT DAILY LIMIT     STRUGGLING TO MAINTAIN TREND  
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS: HEDGER SHORT SELLING
TRADING: UP, WIDE RANGE, NET SELLERS, TREND AS RESISTANCE, CLOSED BELOW 1030

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT       POSSIBLE BOTTOM   
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAY19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, MID RANGE, BUYERS, DOWNSIDE TREND, CLOSED ABOVE 402

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.  CORRECTION DUE MOVING TOO FAST,
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21 TIME FOR YEAR END REPATRIATION SELLING
TARGETS: (PROJECTED) 7360-7464-7542-7602,  NET COMMITMENTS: HEDGER SHORT COVERING
TRADING: UP, NARROW RANGE, BUYERS, BELOW TREND, MET RESISTANCE AT 7542 , 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/FEB18
TREND: UP  TARGETS: 151-156-164-177,  NET COMMITMENTS: HEDGER SHORT COVERING 
TRADING: FLAT, NARROW RANGE, BUYERS, BELOW TREND, CLOSED ABOVE 164, 

FARM COMMODITY SETTLEMENTS DECEMBER 1/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT    NEW LOW
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  325-340-351-360  NET COMMITMENTS-LIQUIDATION
TRADING: DOWN, WIDER RANGE, SELLING, CLOSED BELOW REVISED TREND, ABOVE 340

SOYBEANS/SF17: 65 CENT DAILY LIMIT        NEW LOW BELOW TREND
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS-ACCUMULATION
TRADING: DOWN, NARROWED RANGE, NET SELLING, TESTED/CLOSED @ 1030

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT   CLOSED BELOW TREND, OVERSOLD  
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS-NET LIQUIDATION
TRADING: DOWN, WIDER RANGE, NET SELLING, TESTED/CLOSED BELOW 402

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   REVERSAL UP CONFIRMED,
TREND: UP{NEW)   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7360-7464-7522-7522,  NET COMMITMENTS NET LIQUIDATION
TRADING: UP, NARROWED RANGE, BUYING, 7522/SUPPORT, UPSIDE TREND

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 151-156-164-177,  NET COMMITMENTS: LIQUIDATION
TRADING: MET RESISTANCE OF PREVIOUS HIGHS, TESTED/CLOSED ABOVE 164,

FARM COMMODITY SETTLEMENTS N0VEMBER 30/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT    FIRST NOTICE DAY CZ16
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  325-340-351-360  NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 351, BELOW TREND, OVERSOLD

SOYBEANS/SF17: 65 CENT DAILY LIMIT           OPEN INTEREST UP12346 CONTRACTS
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW SUPPORT AT BOTH 1038 AND TREND

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT     FIRST NOTICE DAY WZ16
TREND: DOWN (NEW)  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 411=402-388-376  NET COMMITMENTS-NET LIQUIDATION
TRADING: MODERATE RANGE, MET SUPPORT@402, TESTED/CLOSED BELOW NEW TREND

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   HIGHER LOW, FLAT CLOSE, SPIKED
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7419  NET COMMITMENTS NET LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED BELOW RESISTANCE AT 7503, ABOVE TREND

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 151-156-164-177,  NET COMMITMENTS: LIQUIDATION
TRADING: WIDE RANGE, TESTED/CLOSED ABOVE RESISTANCE AT BOTH 156 AND TREND

FARM COMMODITY SETTLEMENTS N0VEMBER 29/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT    OPEN INTEREST DOWN 32443 CONTRACTS
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW SUPPORT AT 351, AT TREND

SOYBEANS/SF17: 65 CENT DAILY LIMIT           OPEN INTEREST UP 13978 CONTRACTS
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1038-1049-1062  NET COMMITMENTS-ACCUMULATION
TRADING: MET/CLOSED ABOVE SUPPORT AT 1038, ABOVE TREND, OVERBOUGHT

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT     OPEN INTEREST DOWN 16310 CONTRACTS
TREND: UP  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446  NET COMMITMENTS-NET LIQUIDATION
TRADING: TESTED/CLOSED ABOVE SUPPORT AT 409 + AT PREVIOUS LOW, OVERSOLD

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   REVERSAL SIGNAL IN PLACE
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7419  NET COMMITMENTS NET LIQUIDATION
TRADING: UPSIDE 7419 AND TREND AS SUPPORT

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 136-144-151-156,  NET COMMITMENTS: LIQUIDATION
TRADING: TESTED/CLOSED ABOVE SUPPORT AT 144, BELOW TREND

FARM COMMODITY SETTLEMENTS N0VEMBER 28/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT    OPEN INTEREST DOWN 44888 CONTRACTS
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-LIQUIDATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 360, UPSIDE TREND

SOYBEANS/SF17: 65 CENT DAILY LIMIT           OPEN INTEREST/UP
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1049-1062-1078  NET COMMITMENTS-ACCUMULATION
TRADING: TESTED/CLOSED BELOW RESISTANCE AT 1062 ABOVE TREND-OVERBOUGHT

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT      OPEN INTEREST DOWN 22287 CONTRACTS
TREND: UP  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446  NET COMMITMENTS-NET LIQUIDATION
TRADING: MAKING NEW LOW BELOW 425 AND TREND-OVERSOLD

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT.   SIGNALLED A REVERSAL
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS NET LIQUIDATION
TRADING: TESTED/CLOSED ABOVE RESISTANCE AT 7420 AT TREND

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 144-151-156-164,  NET COMMITMENTS: LIQUIDATION
TRADING: TESTED/CLOSED ABOVE RESISTANCE AT 151 AND TREND

FARM COMMODITY SETTLEMENTS N0VEMBER 24/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT       HEDGING ACTIVITY
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-DECREASED
TRADING: DECELERATED FLAT/BUYING-ABOVE TREND-MET RESISTANCE AT 360

SOYBEANS/SF17: 65 CENT DAILY LIMIT           OPEN INTEREST/FLAT
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 1030-1049-1062-1078  NET COMMITMENTS-DECREASED 
TRADING: FLAT UP/BUYING-MET SUPPORT AT TREND AND RESISTANCE BELOW1049

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT      OPEN INTEREST/DOWN
TREND: UP  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446  NET COMMITMENTS-FLAT
TRADING: DECELERATED FLAT/NET SELLING-MET RESISTANCE AT TREND AND 425

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST CONTINUES DOWN
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET SELLING-MET RESISTANCE AT TREND AND 7420 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 144-151-156-164,  NET COMMITMENTS DECREASED
TRADING: ACCELERATED DOWN/SELLING-LOWER HIGH-MET SUPPORT AT TREND BELOW 151  

FARM COMMODITY SETTLEMENTS N0VEMBER 23/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT  PAUSE IN MOVE
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-DECREASED
TRADING: CONSTANT FLAT/OFFSET BUYING-ABOVE TREND MET 360/RESISTANCE

SOYBEANS/SF17: 65 CENT DAILY LIMIT OPEN INTEREST CONTINUES UP SHARPLY FROM LOW
TREND: UP/UP MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030  NET COMMITMENTS-DECREASED 
TRADING: CONSTANT UP/NET BUYING-TESTED/CLOSED ABOVE TREND/1030/PREVIOUS HIGH

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT  LOOKS TOPPY/LOWER HIGH
TREND: UP  PREMIUM MARKET MAR17/MAR19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) 409-425-437-446  NET COMMITMENTS-CONSTANT
TRADING: ACCELERATED DOWN/NET SELLING-TESTED/CLOSED BELOW TREND+425/SUPPORT

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST CONTINUES DOWN
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS DECREASED
TRADING: ACCELERATED DOWN/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18
TREND: UP  TARGETS: (PROJECTED) 144-151-156-164,  NET COMMITMENTS DECREASED
TRADING: DECELERATED DOWN/NET SELLING-ABOVE TREND MET 156/RESISTANCE-OVERBOUGHT  

FARM COMMODITY SETTLEMENTS N0VEMBER 22/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT  SMALL STEP MOVEMENT CAN BE BULLISH
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/OFFSET UYING-ABOVE TREND AT 360/RESISTANCE

SOYBEANS/SF17: 65 CENT DAILY LIMIT     OPEN INTEREST UP SHARPLY FROM LOW              
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030  NET COMMITMENTS-DECREASED 
TRADING: DECELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND AT 1030

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT  OPEN INTEREST DOWN FROM HIGH                              
TREND: UP  PREMIUM MARKET MAR17/DEC19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446  NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND+425 RESISTANCE

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. OPEN INTEREST DOWN         
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS DECREASED
TRADING: DECELERATED FLAT/NET SELLING-TESTED/CLOSED ABOVE TREND+7420/SUPPORT 

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18  
TREND: UP  TARGETS: (PROJECTED) 144-151-156-164,  NET COMMITMENTS DECREASED
TRADING: DECELERATED UP/MATCHED-ABOVE TREND TESTED 156/RESISTANCE-OVERBOUGHT  

FARM COMMODITY SETTLEMENTS N0VEMBER 21/2016 

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING 
TREND: DIRECTION-MONTHLY- LINE JOINING HIGHER LOWS (UP), LOWER HIGHS (DOWN) 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING 
TRADING: MOMENTUM, MOVEMENT, RELATIVE STRENGTH OF TREND, TARGETS   

CORN/CH17(NEW): 25 CENT DAILY LIMIT  BROKE OUT UP OUT OF CONVERGENCE
TREND: UP  PREMIUM MARKET  MAR17/JUL18  NET WORLD STOCKS DOWN
TARGETS: (PROJECTED)  351-360-377-395  NET COMMITMENTS-DECREASED
TRADING: CONSTANT UP/ BUYING-UPSIDE TREND SUPPORT-BELOW 360 RESISTANCE

SOYBEANS/SF17: 65 CENT DAILY LIMIT     TESTED/CLOSED UP ABOVE CONVERGENCE              
TREND: UP/MORE. PREMIUM MARKET JAN17/JUL17 NET WORLD STOCKS-DOWN
TARGETS: (PROJECTED) 934-975-1006-1030  NET COMMITMENTS-DECREASED 
TRADING: ACCELERATED UP/BUYING-TESTED TREND MET RESISTANCE@LAST HIGHS

WHEAT/WH17(NEW): 35 CENT DAILY LIMIT  OPEN INTEREST AT YEAR TO YEAR HIGH
TREND: UP  PREMIUM MARKET MAR17/DEC19  NET WORLD STOCKS-UP
TARGETS: (PROJECTED) (NEW) 409-425-437-446  NET COMMITMENTS-CONSTANT
TRADING: DECELERATED UP/OFFSET BUYING-TESTED/CLOSED ABOVE TREND/425 RESISTANCE

DOLLAR CAD/USD: CDZ/16 4.00 DAILY LIIMIT. FLAT CLOSE/NO BREAKOUT BELOW 7420         
TREND: DOWN   PREMIUM MARKET DEC16/SEP 21
TARGETS: (PROJECTED) 7628-7558-7503-7420  NET COMMITMENTS DECREASED
TRADING: ACCELERATED UP/NET BUYING-TESTED/CLOSED ABOVE TREND/7420 RESISTANCE

HEATING OIL (ULSD)HOF/17(NEW) 25 CENT DAILY LIMIT  PREMIUM MARKET JAN17/MAR18  
TREND: UP  TARGETS: (PROJECTED) 152-150-145-136,  NET COMMITMENTS DECREASED
TRADING: ACCELERATED UP/BUYING-UPSIDE TREND BELOW 156/RESISTANCE