Grains Looking For A Rally To Hold
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans
Soybean oil oversold, yet exports remain strong due to competitive pricing.
Potential upside hinges on Argentine weather or unexpected export boosts.
Risks include bearish patterns signaling potential drop to $920–$880.
Corn
U.S. corn is the cheapest globally, maintaining export dominance through January.
Seasonal trends suggest a possible rally, with historical averages pointing to $4.60.
Exports to non-traditional buyers could further boost prices.
Wheat
Russia's poor winter wheat conditions could impact future production.
Seasonal tendencies favor a rally into January, but significant resistance looms.
Hogs
Record managed money positions have driven hog prices high since July.
Vulnerable to sell-offs; critical support level at $85.
Current rally might reverse into an ABC correction.
Cattle
Funds reducing positions, but prices hold above key downtrend lines.
Seasonal rallies likely, targeting $190+ for live cattle and $264–$265 for feeders.
Crude Oil
Bouncing from trendline support but likely to face resistance near $71–$72.
Broader outlook remains bearish through 2025 due to geopolitical and demand dynamics.
Potential year-end buying for tax purposes, but no significant rally expected.
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.