Argentina On The Radar
Presented by Heartland Investor Capital Management Inc. CTA
Grain Markets:
Corn traded near $4.60, holding above the 200-day moving average.
Soybeans rebounded above $10.10 despite early struggles, supported by Argentina’s ongoing dryness.
Wheat remains a laggard, with domestic challenges offsetting gains in global milling wheat prices.
Cattle Markets:
Live cattle rallied toward $195-$196, supported by cold weather and strong bids.
Feeder cattle climbed within seasonal trends, targeting $277-$298 before potential corrections.
Seasonal highs may form early next week, requiring caution before further gains.
Weather & South America:
Dryness persists in Argentina, with no rain expected through January 12.
Corn and soybean production regions face 90°F+ temperatures, creating stress for crops.
Brazil’s soybean harvest delayed by excessive rain, raising potential quality issues.
Crude Oil:
Crude oil climbed past $71, targeting $74-$75 before potential pullbacks to $67.50.
US production increases and weak Chinese demand weigh on long-term price trends.
OPEC’s production strategies remain a wildcard for 2025 dynamics.
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.