Grains Rally as Cattle Break
Presented by Heartland Investor Capital Management Inc. CTA
🐄 Cattle
Live and feeder cattle remain under heavy pressure.
Live cattle technical targets point toward roughly 207–208.
October feeders could still have additional downside toward the low 300s.
Longer-term feeder targets could eventually reach the 280 area.
Recent beef import news and expectations for additional Mexican cattle openings remain bearish influences.
🌽 Corn
Corn recovered from another early setback and closed at fresh highs.
The current wave structure continues to point toward additional upside.
The commentary views this as a structural bull market driven by tightening supply and persistent demand.
Europe is expected to become an additional buyer of U.S. corn.
A pullback could occur after the current advance, but the longer-term target remains toward $6 or higher.
🌱 Soybeans
Soybeans rebounded sharply after a two-day pullback.
Repeated tests of the 12.40 area are viewed as setting up an eventual breakout.
The outlook calls for another test of recent highs and potentially prices north of $13.
A previously planned 12.52 bean sale was pulled as the upside outlook improved.
🌾 Wheat
Wheat continues strengthening as Black Sea supply risks build.
The commentary expects end users to face increasing difficulty sourcing wheat if Black Sea disruptions worsen.
Kansas December wheat near 7.72 is viewed as capable of moving well above $8.
Initial upside objectives are roughly 8.25–8.50, with potentially more upside if disruptions intensify.
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.