WASDE Preview/ Cattle Realities
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
WASDE expected yield guesses 180–190, average 185.7
Carryout shrinking near 1.3 billion
Chart shows V-bottom, potential rally above $4
October report critical for confirmation
Soybeans:
Average yield guess 53.1, slightly lower
Carryout projected at 298 million
Testing retracements, possible deeper correction before rally
Bean oil showing ABC correction, potential upside resumption
Wheat:
Minimal changes expected in WASDE
Needs sub-850 million bushel shock to spark trade
Seasonals could support late September rebound
Currently weak with failed follow-through
Cattle:
Live cattle peaked near 242, now correcting in wave four
Feeder cattle must hold above 350 to keep bullish structure
Seasonal weakness likely through September-October
Upside potential later if wave count holds
Crude Oil:
Inventory build reported, prices still firm
Trump threatens tariffs on India and China over Russian crude
Resistance near 64.5–65 expected to cap rally
Downtrend likely resumes afterward
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.