More Chinese Hope
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans:
China trade talks spark optimism, lifting beans higher
South American dryness persists, especially in Argentina and southern Brazil
Continuation charts suggest potential for March contract to approach 1150
Wheat:
Market breaks above 200-day moving average
Measured move theory targets 570 area for Kansas City and Chicago wheat
New crop positions being considered for future sales
Live Cattle:
Softening box beef and mixed cash markets
February contracts stronger due to near-term square-up
April contracts less pressured, weekly swing monitoring
Feeder Cattle:
March contract tested 19-day moving average support, held and bounced
Critical levels near 360-383 for weekly chart
Cash index showing limited upward movement, caution advised
Other Notes:
Markets closed Monday for Presidents’ Day, electronic trades resume Monday night
Continuation patterns remain key across grains and livestock
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.