There Can Always Be a Surprise
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
USDA cut old crop carryout by 100 million bushels via higher exports
Carryout remains above 2.1 billion, limiting enthusiasm
China crop quality issues may boost imports later this spring
Potential rally window in March and April
Technical setup suggests possible move toward 450 to 460
Soybeans:
Highest close since early January lows
Technical structure supports move toward 12 dollars
Brazil logistics issues support US export potential
China likely to remain a major buyer
New crop sales favored near 1130 to 1150
Wheat:
Kansas City and Chicago wheat held key moving averages
Closed higher despite slightly negative report
Improving technical structure into early March
Ukraine export disruptions remain supportive
Bias remains cautiously bullish
Live Cattle:
Cash trade near 245, potential peak forming
Possible head and shoulders pattern developing
Key support near 232 on futures
Weekly charts show weakening momentum
Risk management and LRP strategies advised
Feeder Cattle:
Testing key 15 day moving average
Support zone near 360 remains critical
Head and shoulders pattern possible
Cash index starting to soften
Downside risk increasing if support breaks
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.