Corn Bears Are Packing It In
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Reversal on the close above downtrend line
Challenging wave three pattern forming
Potential upside targets 431–439, with 444 recommended old crop sale
Exports strong, concerns about Argentine pricing may limit but not halt sales
October combines will provide decisive yield data
Soybeans:
Strong close hitting 50% retracement
Key resistance at 1040, above signals wave three upside
Potential to surpass 1050–1072 if bullish momentum continues
Charts suggest possible new highs, with China buying as potential catalyst
Wheat:
New lows in Chicago and Kansas City contracts
End-of-September/October seasonality may provide support
Monitoring December wheat for closes below 500 to assess further downside
Cattle:
ABC pullback forming, needs to hold above wave one (350)
15-day moving average support key for short-term momentum
Correction mode could be setting up a wave three advance
Crude Oil:
ABC corrective pattern on daily continuation chart
OPEC likely to raise production, stocks higher than expected
Expect pressure into next week, potential low in low 350s
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.