Will Argentina Actually Get Rain?
Presented by Heartland Investor Capital Management Inc. CTA
Corn
Follow through buying faded late after strong outside day
Resistance near 450 with upside potential toward 460 to 466
USDA yield risk could drop carryout below two billion bushels
Seasonal strength expected into Monday’s crop report
Soybeans
Held key technical support near 1038 on continuation charts
Argentina dryness remains a developing concern despite rain talk
USDA yield cut of one half bushel or more would tighten carryout
China buying remains a wildcard supportive to prices
Wheat
Kansas City wheat nearing 200 day moving average
Dry Southern Plains and potential acreage reduction supportive
Seasonal and cycle lows suggest room for a January recovery
Metals and Inflation
Gold, silver, and platinum surging on currency concerns
Commodity index trending higher confirms inflationary backdrop
Grains remain undervalued relative to metals
Crude Oil and Energy
Venezuela unlikely to add meaningful production near term
Crude downside limited but rallies likely capped near sixty
Diesel fuel expected to work lower into January
Cattle and Feeders
Live cattle extending rally toward potential right shoulder zone
Feeder cattle nearing major retracement resistance
Risk increases later in January as seasonal peak approaches
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.