WASDE Preview & Cattle Patterns
Presented by Heartland Investor Capital Management Inc. CTA
🌽 Corn
European corn hit new contract highs.
U.S. gains faded under harvest pressure.
We expect European buying, but flash sales remain absent.
December needs to hold $4.75 after failing at its 100-day average.
Iowa yields will test USDA’s supply outlook.
🌱 Soybeans
Soybeans faded as the early soybean oil rally reversed.
November stalled at its declining trendline.
A close below $12.92 would weaken the outlook.
Soybean oil must hold 66.5–67¢ to help prevent a soybean retreat toward $12.45.
Beans need fresh demand, preferably a Chinese flash sale.
🌾 Wheat
French wheat strength could attract buying in U.S. wheat.
U.S. futures again failed to hold the 100-day average.
A daily close above $6.95 would improve the outlook.
Kansas City looks bearish, though its higher lows remain intact.
Seasonal Baltic shipping limits could offer support.
🐂 Live Cattle
Shallow breaks and strong closes keep cattle looking firm.
Further boxed beef strength could support $226 Southern cash trade.
We target $227–$233 into late October or early November.
Support sits near $223–$224, with a Thanksgiving setback still possible.
February could reach $238–$240 or better as the new year approaches.
🐄 Feeder Cattle
Tight supplies and a feeder index above $340 support prices.
November is nearing our $338–$344 target.
Breaks toward $334 should attract buying.
Low placements in the October 23 report could push November toward $350.
We remain constructive through year-end despite potential sharp 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.