Are Grains Ready To Rally?
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Export sales exceeded expectations at 1.732 MMT.
Strong seasonal demand expected through early 2024.
Price action suggests a push toward $4.58-$4.59.
Soybeans:
Strong export sales driven by China, despite bearish South American weather.
Potential for prices to challenge $10.20 if resistance breaks.
Dry weather in Argentina could push prices higher.
Wheat:
Australian wheat downgraded to feed quality due to rain; Russian wheat rated poorly.
Prices nearing key resistance levels.
Russian export cuts and Australian downgrades may support U.S. exports.
Cattle:
Prices pressured by fund liquidation, with funds heavily long.
Seasonal strength possible post-December 15 but uncertain.
Feeder cattle have gained significantly over live cattle in recent weeks.
Feeder Cattle:
Stalled at resistance; lower trend likely if funds exit.
Crude Oil:
OPEC delayed production increases until April 2024.
Bearish trend persists; prices may fall to $60 if $66.50 support fails.
No immediate fuel-buying advisories due to anticipated price weakness.
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.