Previewing Tuesday's WASDE Report
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Exports remain very strong and continue to pressure old crop carryout expectations
USDA likely still too high if shipment pace continues through summer
Weather into June and July is the key driver from here
Soybeans:
Crush demand remains the steady support base for the market
Exports are solid but not accelerating meaningfully
Acreage and yield uncertainty remain the primary swing factors into June 30
Wheat:
Hard red winter crop continues to show clear production stress
USDA estimates still viewed as too high in trade
Kansas conditions and upcoming tour expected to lower production expectations further
Crude Oil:
Market remains extremely headline and geopolitically driven
Volatility stays elevated with sharp intraday swings
Energy continues to influence broader commodity sentiment
Cattle:
Sharp break driven largely by rumor flow and positioning
Cash trade remains firm underneath futures weakness
Key support levels are being tested but structure still intact
Feeder Cattle:
Less aggressive than fats but still under pressure
Holding near important technical support zones
Volatility expected to persist into next cash confirmation period
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.