WASDE Fallout
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans:
Carryout unchanged at 290 versus expectations for an increase
South American rainfall dominates trade direction
Market targeting the 1085 support zone
Wave 4 low likely forming before potential new year strength
Bean oil and meal still correcting and pressuring the complex
Wheat:
Domestic and global numbers unchanged to higher
Large Russia, Australia and Argentina crops keep wheat heavy
Geopolitics remain the only real bullish catalyst
Potential retest toward 520 if corn fails to lead
Diesel Fuel:
Seasonal refinery pinch created a spike
Pullback underway with support near 2 dollars
Year-end fuel buying likely recommended at or below 2 dollars
Live Cattle:
Seven-day vertical rally with strong cash trade
Holding above key moving averages
Push toward 231 possible without early weakness
Feeder Cattle:
Forty-dollar rally met with only mild correction
Gap toward 245 could still be targeted
Potential ABC formation into early 2026
Long-term pattern suggests right shoulder forming before broader decline
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.