Preview Of Monday's Report
Presented by Heartland Investor Capital Management Inc. CTA
Tariffs and Macro
Supreme Court ruling on Trump tariffs could cause short term volatility
Even if struck down new tariffs likely follow after a delay
Markets appear cautious but not panicked
Corn
Average yield guess near 184 versus 186 last month
Seed corn plot data suggests downside risk
Illinois and parts of Iowa could pull yield toward 183 or lower
Carryout could slip toward or below 1.9 billion if usage holds
Trend remains higher highs and higher lows
Soybeans
USDA held yield at 53 while trade leans 52.7 or lower
If revised back toward fall estimates carryout could drop near 290 million
Prices holding the 200 day moving average despite minor pullback
Wheat
New crop acreage expected down roughly 600,000 to 700,000 acres
Dry conditions no snow cover and incoming cold raise winterkill risk
KC wheat failed to hold second day above the 200 day average
World Production
Global corn and soybean production slightly higher month over month
Argentina corn up modestly bean yield little changed
Southern Argentina remains dry with rain hopes next week
World ending stocks marginally higher driven by Argentine wheat
Cattle
Live cattle rebounded on stronger bids and boxed beef up 2.40
Mexico Brazil beef trade pressured futures earlier
Possible near term highs forming with head and shoulders structure
Feeder cattle historically peak early January ahead of inventory report
Crude Oil
Classic bounce after two day selloff
Resistance expected near 59.50 to 60.50
ABC bounce likely before another selling wave later January
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.