Cattle are waving red flags!
Presented by Heartland Investor Capital Management Inc. CTA
Cattle Futures
Bearish Indicators: Today's close marked an outside day down, indicating potential trouble ahead.
Historical Patterns: Previous major sell-offs began similarly, signaling caution.
Market Movements: Live cattle closed near lows, with Tyson's bids hinting at volatility.
Soybeans
Harvest Impact: Soybean prices are declining as harvest wraps up.
Market Dynamics: November beans show narrowing basis; January beans could face further drops.
Future Outlook: A significant low in August may lead to wave four recovery.
Bean Oil & Canola
Global Influence: Bean oil reacts to international market conditions; palm oil and canola show upward trends.
Market Uncertainty: Government policies affecting bean oil purchasing behavior.
Canola's Strength: Recent recovery suggests potential for higher prices despite tariffs.
Corn
Market Trends: Corn may have bottomed; wave patterns indicate potential for upward movement.
Key Resistance Levels: Must surpass 424 to signal further gains.
Winter Projections: Expected prices could reach between 468 and 472.
Wheat
Stock Levels: Ending stocks are the lowest since 2012; potential for price rally post-Russia market flooding.
Market Reversals: Key reversal day suggests possible bottoming out.
Global Tendering: Algeria's tenders could provide clearer pricing insights moving forward.
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.