FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 08/2018

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE DOWN-ON LOWER HIGHS. PRICE UP-ON HIGHER LOWS 
TRADING: POSITION/LENGTH OF PRICE RANGE. RELATIVE TO MOVES TRENDS TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES RESISTANCE SUPPORT

CORN (JUL/18): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS PROJECTED DOWN 1.34 MMT           
TRENDS: PRICE UP-OPEN INTEREST (MAY 07) UP (SHORT SELLING)-LONG RANGE (449-325)
TRADING: DOWN STEADY-BELOW TREND-TESTED/CLOSED ABOVE SUPPORT@401-NET BUYING
TARGETS: (392 397 (401-406-410) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY 07) UP/LESS (OFFSET SELLING)-LONG RANGE (1186-844)
TRADING: FLAT-NARROWED-RESISTANCE@TREND/CLOSED BELOW TREND ABOVE 1018-NET BUYING
TARGETS: (960-(989-1018-1047) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP/STEEP OPEN INTEREST (MAY 07) DOWN (OFFSET). LONG RANGE-(575-387)            
TRADING: DOWN-STEADY-BELOW TREND-MET SUPPORT/CLOSED ABOVE 510-NET BUYING
TARGETS: (466-485-495-510-525) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY 07) UP GRADUAL (OFFSET) LONG RANGE (8295-6810)
TRADING: DOWN-BELOW CONSOLIDATION-ON TREND-TESTED 7713/SUPPORT-NET SELLING
TARGETS: (7804-7776-7749-7713-7686) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION