Fireworks Come Early
Presented by Heartland Investor Capital Management Inc. CTA
Outside trading day signals a potential trend reversal.
Heat builds across the Midwest into early July.
Pollination weather is becoming the market focus.
Support held near 439 despite new lows.
Resistance sits near 450, then 460-470.
Weather risk could target the 480s if forecasts worsen.
Soybeans:
Outside day cleared several days of resistance.
Support held firmly near 1032-1034.
Bean oil and meal both led today’s rally.
1170 is the next major resistance level.
A move above could open the door to $12 beans.
June 30 acreage report remains the biggest wildcard.
Wheat:
Chicago and Kansas wheat reclaimed key moving averages.
Harvest pressure continues but may be fading.
Harvest lows could form around early July.
Minneapolis remains the weakest wheat market.
Northern Plains weather is generally favorable.
Corn and soybean strength may provide additional support.
Weather:
Much hotter temperatures arrive next week.
Forecasts trend warmer into the pollination window.
AI models show drying after this weekend’s rains.
Western Corn Belt faces the greatest heat risk.
Forecast confidence remains low and highly volatile.
Weather headlines should drive daily price action.
Crude Oil:
Crude rebounded after testing major chart support.
Iran shipping tensions added buying interest.
Gap resistance sits near $69-70.
Larger resistance remains near $85.
Energy strength continues supporting soybean oil.
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.