Grains Due For A Stall
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Prices neared resistance at 422-423 with steady upward momentum.
Exceeded average export expectations; demand from Japan and other buyers provided support.
Further price gains could face resistance at the 144-day and 200-day moving averages.
Soybeans:
November soybeans hit the 100-day moving average but retreated, closing lower.
Bull spreading ended, with January holding steady while November dipped.
Strong exports, including sales to China, bolstered prices; potential for retracement near 997.5 before resuming uptrend.
Wheat:
Three-day rally but unable to surpass the positive moving average; wheat remains choppy.
Spread action influenced trading; may face resistance at 484.
A close above 484 could strengthen the uptrend.
Cattle:
December cattle moved higher on rising cash prices in Kansas and Texas.
Friday’s cattle-on-feed report is critical, with expectations for strong sales and placements.
Feeder cattle lagging, with Friday’s report likely determining future momentum.
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.