USDA Preview & Cattle
Presented by Heartland Investor Capital Management Inc. CTA
Crop Production Report:
Corn yield expected at 182.7, still above record 177.3.
Carryout estimates reduced to 1.674 billion; lower demand adjustments unlikely.
Bean yields vary widely; tighter stocks could support prices.
South American Weather:
Argentina faces extreme heat (100-105°F), delaying vital rain.
Brazil’s crop also stressed, raising concerns for production.
Potential bean price increase if weather models disappoint.
Soybean Market Trends:
Bean oil demand surging due to U.S. policy and used oil pricing.
Rally to $10.45-$10.65 possible, supported by grind dynamics.
No bearish USDA crop report expected; focus on crush data.
Corn Market Outlook:
Tight carryout and yield below 182.5 may drive higher prices.
Wave structure suggests upside to $4.74-$4.72 before pullback.
Export competition with China remains a wildcard.
Cattle Market Trends:
Live cattle rallying; Wave 3 target around $198-$199.
Feeder cattle could test $275-$277 range, driven by technical patterns.
LRP hedging opportunities remain near cycle highs.
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.