Precursor To The Lows
Presented by Heartland Investor Capital Management Inc. CTA
Corn
February farmer selling tied to taxes, cash rent, and bills has pressured prices.
Government payments hitting accounts in March could slow selling pressure.
Export inspections were strong and China demand remains a potential catalyst.
Market watching for a possible March rally if selling dries up.
Soybeans
Soybeans supported by rumors of Chinese buying out of the Pacific Northwest.
Market still technically trending higher despite short term pullback risk.
Targets discussed in the 11.35 to 11.55 range for new crop pricing opportunities.
Potential China purchases ahead of late March political meetings could boost prices.
Wheat
Recent breakout held technical support after pullback to the breakout zone.
Weather in the Plains remains uncertain with questionable rain forecasts.
Global tensions and Black Sea risks could support world wheat values.
Charts suggest the rally may still have room to run.
Cattle
Feeder cattle showing technical weakness after slipping below key moving averages.
Charts warn of a possible deeper correction if recovery does not happen quickly.
Live cattle holding up better but trading poorly compared to strong boxed beef.
Potential head and shoulders pattern forming across cattle markets.
Market Psychology
Extreme bearish sentiment across agriculture has become widespread.
Historically when everyone leans one direction the market often moves opposite.
Strength in agriculture related stocks may be signaling better grain prices ahead.
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.