FARM COMMODITIES-TREND ANALYSIS-DECEMBER 07/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO MOVES,TRENDS,TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (MAR/18): $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 2.90/MMT            
TRENDS: PRICE: DOWN/LESS OPEN INTEREST: DOWN DAILY. PRICE RANGE: (325-405)           
TRADING: DOWN CLOSED BELOW TREND/352 MOVE FLAT SALES LOW OPEN INTEREST UP   
TARGETS: (334 (343-352)-361), NET COMMITMENTS: NEUTRAL MOMENTUM 
 
SOYBEANS (JAN/18): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 1.85/MMT
TRENDS: PRICE: UP/LESS. OPEN INTEREST UP WEEKLY, PRICE RANGE (844-1196) YEARLY
TRADING: DOWNSIDE TREND MET SUPPORT@989 MOVE/SALES DOWN OPEN INTEREST FLAT
TARGETS: (975 (989-1004) 1018), NET COMMITMENTS: INCREASED MOMENTUM

WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.8O/MMT          
TRENDS: PRICE: DOWN/LESS. OPEN INTEREST: UP WEEKLY. RANGE: (387-575) YEARLY            
TRADING: BELOW TREND DOWNSIDE 426 MOVE DOWN OVERSOLD OPEN INTEREST FLAT     
TARGETS:  (407 (416-426) 436), NET COMMITMENTS: INCREASED MOMENTUM 

DOLLAR CAD/USD: (DEC/17)  4.00 DAILY LIMIT                                
TRENDS: PRICE: DOWN/LESS. OPEN INTEREST: UP DAILY. PRICE RANGE: (6810-8295)
TRADING: DOWNSIDE TREND ABOVE 7749 MOVE/SALES DOWN OPEN INTEREST FLAT 
TARGETS: (7704 (7749-7794-7840). NET COMMITMENTS: NEUTRAL MOMENTUM