Just the Facts, Jack
Presented by Heartland Investor Capital Management Inc. CTA
Cattle:
Cattle market weakens as Argentina’s beef import quota expands from 20,000 to 80,000 metric tons.
Earlier 50% U.S. tariffs on Brazilian beef had boosted prices sharply, with imports dropping from 90,000 to 7,000 metric tons monthly.
Fund liquidation accelerates as traders view the high as complete after a failed fifth wave.
Live cattle could test support at 236–232; feeder cattle may correct toward 350–340 levels.
Market sentiment turns cautious ahead of Trump’s upcoming meeting with Brazil’s President Lula, which could reshape tariff policy.
Feeder Cattle:
Failed fifth wave confirms market exhaustion.
Index funds unwinding long exposure, pressuring prices daily.
Potential stabilization near 350 possible before a winter rebound; deeper liquidation toward 340 if sentiment worsens.
Corn:
Corn continues higher after holding 50-day support.
China trade optimism lifts prices; potential upside toward 435–445 if Trump–Xi talks go well.
Yields likely below USDA estimates, providing further support.
Soybeans:
Beans gain on strong Chinese demand rumors and technical breakout.
Targets near 1048–1075 possible, driven by short-covering and potential new Chinese buying.
China may need 9–10 million metric tons to restock.
Crude Oil:
Oil rebounds on Russian sanctions, following recent expiration volatility.
Resistance near $63–63.5 may cap upside, favoring short positioning.
Downtrend intact, with expectations of renewed weakness once geopolitical premium fades.
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.