Crop Report Preview…
Presented by Heartland Investor Capital Management Inc. CTA
Grain Market Trends:
Initial rally followed by a stumble, influenced by China's economic policy stance.
Soybeans, corn, and wheat opened strong but fell sharply after morning hours.
Rain in South America affects market sentiment, despite increased sales last week.
USDA Crop Report Expectations:
Focus on new crop projections for corn under 2 billion bushels, contingent on yield adjustments.
Soybean market stability expected, pending USDA yield confirmation.
Wheat stocks anticipated to show decline from previous estimates.
Technical Analysis (Corn and Soybeans):
Corn's correction below the 144-day exponential moving average suggests potential downside to trendline support.
Soybeans breached key technical levels, signaling bearish sentiment despite seasonal demand trends.
Livestock and Other Commodities:
Live cattle prices strengthened, influenced by economic indicators and market sentiment post-Federal Reserve actions.
Crude oil surged above $78/barrel, driven by geopolitical tensions and supply dynamics.
Gold showed seasonal softening trends but remains within historical price ranges.
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.