Look At That Soybean Meal
Presented by Heartland Investor Capital Management Inc. CTA
Wheat
Volatile trade driven by conflicting forecasts
Dryness still dominant concern in western Kansas
Freeze damage followed by extreme heat adds stress
Market posts strongest close since last year
Seasonal high window targeted mid April to early May
Corn
Best close in nearly a year signals strength
Wave structure suggests continued upside potential
Targets near 490 July and 510 to 520 December
Limited new crop sales leave room for marketing
Soybeans
Bounce remains weak compared to prior selloff
Meal strength drives short term action
Risk of pullback if momentum fades
Brazil port strike and Argentina rains add uncertainty
Wheat Conditions
Drought monitor shows expanding dryness in southern Plains
Southwest Kansas crop increasingly stressed
Acreage concerns persist due to poor establishment
Crush Spread
Meal surge and oil stall shifting spread dynamics
Short term exhaustion possible after strong move
Watching for rotation between products
Gold
Sharp downside move confirms seasonal weakness
Recession fears driving volatility
Seasonals suggest softer trade into summer
Cattle
Bearish tone developing amid demand concerns
Cattle on feed report expectations mixed
Stock market direction key driver near term
Feeder cattle targeting potential downside near 330
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.