Bargain-Bin Grains
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Solid export sales, friendly fundamentals ignored
Wave two decline likely near 432 to 437 support
Seasonal Thanksgiving week rally potential
Major support zone aligning with last year’s pattern
Soybeans:
Wave three peak set at 1169 and a half
Wave four correction targeting 1114 then possibly 1098 to 1085
China still buying despite bearish trade attitude
Brazil crop uncertainty could spark December volatility
Wheat:
Trend change holding but correction ongoing
Likely forming wave one with right shoulder pullback
Targets in 530 range before turning higher
Acreage concerns supportive into January crop report
Cattle:
On feed report expected to show placements down
Live and feeder cattle still searching for final wave one lows
Feeder cattle may push into high 290s before buyers return
Seasonal lows typically form Dec 1 through Dec 7
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.