Lunatic Reversals
Presented by Heartland Investor Capital Management Inc. CTA
Grain Markets:
Grain prices dropped on deflated demand outlook due to lack of action from Chinese financial authorities.
Strong buying emerged as corn dipped below $4, driving a price reversal.
Soybeans showed bull spreading, suggesting underlying strength rather than an overly bearish market.
Livestock Markets:
Cattle experienced morning losses but recovered as steady bids appeared in the cash market.
Resistance levels for cattle prices were noted, with live cattle weaker compared to feeder cattle.
Feeder cattle are struggling at key technical levels, indicating potential price weakness ahead.
Brazil Weather Impact:
Heavy rainfall across key Brazilian regions, which could impact global grain supply and prices.
Rain is positive for crops but brings market volatility as it affects harvest timelines.
Soybean and Corn Price Movements:
Soybeans had a technical bounce, with oil and meal stabilizing above August lows.
Corn's dip below $4 triggered buying, pointing to strong cash market demand and support levels.
Crude Oil and Seasonal Trends:
Crude oil is testing lower levels, with technical patterns suggesting a potential bottom forming.
Seasonal trends indicate possible lows in December or January, following typical demand cycles.
Market Sentiment:
Overall, markets remain sensitive to Chinese demand signals, U.S. harvest progress, and seasonal weather impacts.
Bull spreading in soybeans and corn points to potential price support as demand dynamics shift.
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.