FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 09/2018

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 08) UP (LONG BUYING)-LONG RANGE (449-325)
TRADING: UP NARROWED-BELOW TREND-TESTED/CLOSED BELOW RESISTANCE@406-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 08) DOWN (SHORT COVERING)-LONG RANGE (1186-844)
TRADING: UP-NARROWED-ON/DOWNSIDE RESISTANCE@TREND-CLOSED BELOW 1018-NET SELLING
TARGETS: (960-989-(1013-1018-1024) 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-OPEN INTEREST (MAY 08) UP (OFFSET BUYING)-LONG RANGE-(575-387)            
TRADING: FLAT-NARROWED-BELOW TREND-TESTED SUPPORT/CLOSED@510-NET SELLING
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 08) UP (SHORT SELLING) LONG RANGE (8295-6810)
TRADING: UP-BACK INTO CONSOLIDATION-ABOVE TREND-MET RESISTANCE@7804-BUYING
TARGETS: (7840(7804-7776-7749-7713) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION