Ags and Oil Down the Slippery Slope
Presented by Heartland Investor Capital Management Inc. CTA
Oil Market Drop
Price fell below $70 after Israel confirmed it won’t target key areas in Iran.
IEA reports falling demand in early 2025 amid China’s slowdown.
Crude declined from last week's highs, showing possible continued downtrend.
Corn Market Trends
Corn prices hit near $4/bushel due to low demand and abundant harvest.
Good weather continues the harvest pace; potential for further price drops.
China may purchase corn in winter, adding some support to the market.
Soybean Market Movement
Soybean crush numbers for September exceeded expectations, boosting prices.
Quality differences between North and South regions affect pricing dynamics.
China buying patterns influence expectations, with uncertainties in early 2025.
Cattle Market Behavior
Cattle prices stalled despite high box beef prices due to low buying volume.
Market rallies expected to face resistance; possible continued downtrend.
Feeder cattle showing weakness; significant support and resistance levels identified.
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
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