Negative Trump Trade is Dead
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans
Price Surge: 20-cent gain today, following yesterday's 25-cent recovery.
China's Interest: Anticipated Chinese soybean purchases could accelerate by year-end.
Bullish Scenario: A potential rally to $12, especially if South American weather impacts crop yields.
Market Resistance: Bean oil surge fuels soy prices; further gains could slow if bean oil stabilizes.
Corn
Export Sales Exceed Expectations: 48% increase from last year, driven by strong demand.
Price Targets: Short-term target of $4.31; bullish report could push to $4.50-$4.65.
Competitive Advantage: U.S. corn is the cheapest globally, bolstered by reduced competition from Ukraine and Brazil.
Wheat
Market Volatility: Minor price movements as drought conditions in Western Kansas ease with upcoming rain.
Russian Export Decline: Declining Russian stocks may boost U.S. wheat prices as Russia becomes less competitive.
Key Levels: Closing above $6.07 could indicate upward momentum towards $6.40-$6.50.
Cattle
Resistance Levels: Feeder cattle may rise if they can break current resistance; next target around $2.50.
Long-Term Outlook: Strength in deferred June contracts essential for sustained feeder cattle growth.
Crude Oil
Challenging Resistance: Oil prices attempt to break through established resistance; market still bearish amid supply concerns.
Potential Downtrend: Continuation of “drill, baby, drill” policies and OPEC production increases could keep prices lower.
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.