Trump Traders At It Again
Presented by Heartland Investor Capital Management Inc. CTA
Corn
November crop production data reduced corn yield estimates from August projections.
Corn saw a minor pullback after recent gains, indicating possible stability.
Technical indicators suggest upward momentum, especially with wave dynamics at play.
Watch for potential ethanol news influencing corn's trend.
Soybeans
Soybeans dropped slightly due to anticipated rains in South America and shifts in soybean oil.
Soybean oil pulled back following speculation about Indonesia’s biofuel policy.
Support holds at 1012; technical indicators suggest a potential bounce.
Wheat
Wheat followed other grains lower, with Chinese imports from Australia impacting sentiment.
Russian wheat export limitations might influence prices by December.
Price support near 540-550 suggests potential for a rebound.
Cattle
Cattle and feeder cattle traded near technical support, with light gains but resistance at higher levels.
Seasonal trends show potential volatility into December, as seen in prior years.
Short-term rallies may offer selling opportunities amid a broader downtrend.
Gold
Gold saw speculative buying near $2600, with potential for a short-term rally.
Seasonal trends could favor stronger prices into early 2025.
Dollar resistance might bolster gold’s appeal if a dollar pullback occurs.
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.