Grains, Oil, and Cattle
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Reached $4.80 before a retreat on Turnaround Tuesday.
Wave three remains intact, with potential for new highs pending export sales.
Anticipated rally depends on South American conditions or Chinese buying.
Soybeans:
Climbed to $10.64, nearly $1 higher since Christmas, before pulling back.
South American heat and rain forecasts critical to price movement.
Old crop sales completed; new crop opportunities depend on weather and acreage reduction.
Wheat:
Struggling near $5.70 resistance; no breakout yet.
Market anticipates potential resolution of the Ukraine-Russia conflict.
Russian winter wheat dormancy conditions could drive future volatility.
Crude Oil:
Trapped in a range, $60s to $80s, with a downward trend bias.
Anticipating fuel purchasing opportunities in Q2, avoiding year-end buys.
Cattle:
Wave three rally in live cattle might peak near $200, with April contracts potentially surpassing $205.
Feeder cattle aim for $275 but need buyer support to sustain 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.