Cattle & Beans Are In Trouble
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans:
Prices fell after hitting the 200-day moving average.
Buenos Aires region expected to receive rain after persistent drought.
Multiple closes below $10.33 could trigger further decline into spring.
Wheat:
Prices rose as Russia faces warm weather, insufficient snow cover, and crop concerns.
Short covering by index funds contributed to gains.
Cattle:
February remains a weak window; prices declined ahead of Friday’s USDA inventory report.
Potential herd estimates at 99.1% of a year ago.
Possible $30 drop if USDA shows herd equal to last year.
Corn:
Prices retreated after a recent high at $4.97.
Potential pullback to $4.70 if market corrections occur.
Expected bullish trends into Q2 due to tightening carryout projections.
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.