TREND ANALYSIS-FARM COMMODITIES-JANUARY 09/2018
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 TRENDS,TARGETS MOVES
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (MAR/18): $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 0.22/MMT            
TRENDS: PRICE: DOWN. OPEN INTEREST: UP/STEEP. PRICE RANGE YEARLY: (405-325)           
TRADING: FLAT AT BOTTOM@347 IN SIDEWAYS CONSOLIDATION MOVE, LOST MOMENTUM   
TARGETS: (356 (351-347) 343), COMMITMENTS OF TRADERS: AT MOMENTUM MINIMUM
 
SOYBEANS (MAR/18): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 0.62/MMT
TRENDS: PRICE: DOWN (LESS). OPEN INTEREST: UP, PRICE RANGE YEARLY: (1186-844)
TRADING: FLAT, ABOVE LOW OF MOVE-UP, BELOW REVISED TREND, LOST MOMENTUM
TARGETS: (976 (971-965) 961 956), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM

WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.89/MMT          
TRENDS: PRICE: DOWN (FINAL REVISED) OPEN INTEREST: HIGHER. RANGE: (575)-387 YEARLY            
TRADING: UP, HIGHER CLOSE-POTENTIAL BREAKOUT UP RESISTANCE@431 MOMENTUM FLAT    
TARGETS: (436 (431-426) 416), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM

DOLLAR CAD/USD: (MAR/18 NEW)  4.00 DAILY LIMIT                                
TRENDS: PRICE: UP (STEEP). OPEN INTEREST: UP (STEEP). PX RANGE: (6810-8295) YEARLY
TRADING: MOVE DOWN BELOW TREND TO ABOVE SUPPORT@8003 GAINED MOMENTUM 
TARGETS: (7925-(8003-8101) 8184). COMMITMENTS OF TRADERS: AT MOMENTUM MINIMUM