Here Comes WASDE
Presented by Heartland Investor Capital Management Inc. CTA
Corn Yield Estimates:
Projected at 153.2 bushels/acre.
Varied with reports of high yields in core regions (Iowa, Illinois) contrasting with shortages in fringe states.
Dryness affecting pod and cob development, potentially reducing yields.
Soybean Yield Dynamics:
Expected around 53 bushels/acre, subject to variability.
Dry conditions impacting moisture content and yield potential.
Market Expectations and Adjustments:
Potential yield adjustments could influence carryout levels, projected at 1.9 billion bushels.
Demand remains stable, though subject to global economic conditions and geopolitical developments.
Geopolitical and Economic Impacts:
China's fiscal policy meeting on Saturday could influence market sentiment.
Russian grain harvest concerns and export dynamics affecting global supply.
Technical Analysis (Corn and Soybeans):
Corn market trends indicate potential for a winter rally, with resistance at $4.16.
Soybean market showing technical support levels around $9.98, with potential for lower lows pending weather conditions.
Wheat Market Insights:
Wheat prices influenced by geopolitical tensions and seasonal trends.
Minneapolis wheat showing strength, targeting price levels around $6.50-$6.80.
Crude Oil Impact:
Oil price fluctuations affecting market sentiment and farm input costs.
Potential impacts on broader economic trends and commodity pricing strategies.
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.