Corn Comes Alive

Presented by Heartland Investor Capital Management Inc. CTA

Live Cattle
Cash disappointed near 228 in Nebraska versus earlier hopes
Board stalled near the gap with Fibonacci resistance
226 support held on the 75 day average
Failure below 226 risks a slide toward 222
Seasonally difficult window to be short cattle

Feeder Cattle
Early losses recovered to hold the 15 day average near 334
March contract now leads volume and interest
Gap area capped prices near 345
Below today’s low opens 327 then 322 retracement zone
High feeder index should limit deeper downside

Corn
Wave two low held and wave three appears underway
Near term resistance 448 to 449
Larger target 466 to 470 into January crop report
Ethanol grind strong with solid export demand
Lower yield could tighten carryout under 1.8 billion

Soybeans
Prices sit near the 78 percent retracement of October lows
China demand uncertainty caps rallies
Argentina dryness offers January rally potential
Typical December low seasonal pattern remains in play

Wheat
Kansas City wheat rebounds and shows leadership
Chicago wheat pressured by soft red winter cancellations
Winter rally potential tied to lower seeded acreage
KC may continue to outperform Chicago on spreads

Crude Oil and Fuels
Crude continues a grinding downtrend
Diesel may test the 2.00 area
Tax driven fuel buying alert possible before year end

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.