Beans Defy Gravity
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans:
Holding strong due to a weaker US dollar and a strengthening Brazilian real.
Brazil’s large crop not heavily pressuring US prices; potential Chinese buying supports market.
May contract holding above key moving averages suggests further upside potential.
Corn:
Supported by index fund buying, drought concerns, and technical patterns implying seasonal strength.
Potential for prices to reach $5.40; bull market could persist through June or August.
Recent correction possible, but overall upside bias remains intact.
Wheat:
Retreating short-term but maintains upward momentum toward the $6.30-$6.40 range.
Cyclical turn in early March could spark a rally; Russian crop concerns add support.
Spring wheat shows potential for a 50-60 cent spike with favorable conditions.
Cattle:
Live cattle testing key trend lines; failure to hold $189-$190 risks deeper correction.
Feeder cattle remain under pressure; need support above $257-$258 to avoid major downside.
Seasonal lows expected in early March with potential strength into spring.
Crude Oil:
Currently in a wave two recovery with potential to reach $78 before resuming a downward trend.
Near-term rallies possible, but longer-term outlook remains bearish.
Market structure suggests further declines later this year.
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.