No News Is Bad News
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans:
Recent rally of $1.25 since early October may have peaked short term. Support seen at 1112½ with possible pullback toward 1090–1100. Long-term target still $11.91–$12 if wave pattern holds.
Corn:
Harvest estimated 85% complete. Selling pressure likely fades post-Friday. Market consolidating with potential ABC correction toward 423–424 before resuming trend.
Wheat:
Chicago leads gains amid China demand rumors. Expect short-term high near 560–563 followed by pullback forming head-and-shoulders base before a possible winter rally into spring.
Cattle:
Live and feeder cattle posted outside-day reversals lower. Technicals signal potential steep decline. Live cattle could drop toward 210; feeders possibly 295–300 amid fund liquidation.
Macro Recap:
Grains appear to be topping short term after the China trade surge, with soybeans and wheat showing wave exhaustion signals. Corn stabilizes as harvest wraps up. Livestock turns sharply negative, led by technical breakdowns and speculative fund exits, signaling caution ahead.
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.