Grinding Gears
Presented by Heartland Investor Capital Management Inc. CTA
Wheat:
No meaningful rain through early April driving drought concerns
Western Kansas dryness worsening with freeze-dry conditions
Outside day higher suggests bullish continuation
Seasonal window points toward potential peak near April 20
Kansas City wheat targeting $7 as potential selling zone
Corn:
Outside day higher confirms strong technical recovery
Wave structure suggests move toward 480 May and 490 July
Bullish momentum tied to broader grain strength and positioning
Acreage report uncertainty due to outdated farmer survey data
Potential for surprise adjustments in June report
Soybeans:
Trump Xi meeting pulled forward to mid May supports demand outlook
Market refused to break lower despite weak crude oil overnight
Strong indication of underlying support and possible insider positioning
Potential for retest of highs or double top scenario
Short term trend turning friendly with upside momentum
Cattle:
Live cattle showing technical weakness with lower closes
Bearish sentiment driven by heavy weights and slower demand
Unusual discount of choice to select signals demand imbalance
Wave structure suggests continued downside risk
Feeder cattle could see sharp $20 break despite seasonal strength ahead
Outside Markets:
Crude oil reversed from early losses but remains volatile
Stock market direction influencing cattle trade behavior
Geopolitical uncertainty continues to drive intraday swings
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.