Up, Up and Away
Presented by Heartland Investor Capital Management Inc. CTA
Corn
Corn held mostly steady with limited fresh catalysts driving direction
Market focus remains on broader grain strength rather than corn specific shifts
Trade activity stayed range bound with no major breakout signals
Soybeans
Soybeans remained in a tight trading range despite intraday follow through buying
Weakness in crude oil and softer meal and oil markets weighed on sentiment
Price action continues to struggle near key resistance levels around twelve dollars
Wheat
Wheat was the clear leader driven by declining US winter wheat ratings
Dry conditions in the southern and central Plains continue to support bullish sentiment
Kansas City wheat showed strong technical breakout behavior above key moving averages and resistance
Seasonal expectations continue to point toward a potential late April rally window
USD
The US dollar was not a primary driver in today’s grain trade action
Broader macro currency influence remained secondary to weather and commodity specific catalysts
No significant directional trend emerged during this session
Weather Outlook
Forecasts continue to show inconsistent rainfall coverage across the US Plains region
Key wheat areas in western Kansas and eastern Colorado remain dry and moisture stressed
Short term models show limited meaningful precipitation over the next ten to fifteen days
This dryness continues to underpin wheat market volatility and upside risk potential
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.