Grains Continue Their Rally
Presented by Heartland Investor Capital Management Inc. CTA
Corn
Outside day higher validated with prices pushing back above recent highs
Ethanol usage slightly lower week to week but still stronger than last two years
Export demand looks real and extended through early summer, not just front loaded
USDA yield and carryout risk on Monday keeps upside potential alive
Soybeans
Sharp V bottom formed after perfectly filling the 1038 gap
Prices holding above the 200 day moving average for a second straight session
Southern Argentina dryness still limits yield potential despite northern rains
Argentina meal dominance supports soybean meal strength while oil tracks crude
Wheat
Kansas City wheat rebounding on Plains dryness and warm temperatures
Crop conditions better than last year but weather trend raising concern
Potential acreage reduction and technical base suggest January recovery
Cattle and Feeders
Live cattle and feeder cattle saw a sharp one day correction
Seasonal tendency favors early January softness without breaking trend
Feeder cattle holding above key moving average support near mid 340s
Correction could be part of a larger wave structure before another push higher
Crude Oil and Energy
Crude oil down second day on Venezuelan supply headlines
Additional barrels failed to break December lows, limiting downside
Diesel fuel making new lows with buying interest expected later this winter
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.