Why Did Wheat Collapse?
Presented by Heartland Investor Capital Management Inc. CTA
Grain Market Overview:
USDA projected 94M corn acres, trend line yields, and 1.9B bushel carryout.
Market reacted to rumors of a Russia-Ukraine peace deal.
February selloff driven by algorithmic trading and technical levels.
Russian & Ukrainian Grain Supply:
Russia reducing wheat exports to 3M metric tons until June.
Ukraine’s grain exports steady at 80% of pre-war levels.
Uncertain new crop production due to drought and war impact.
Corn Market Trends:
Drought persists in 45% of the Corn Belt, raising yield concerns.
Strong U.S. corn export sales, second-best start since 2008.
Potential Chinese purchases could drive prices higher.
Soybean & Wheat Movements:
Soybean fundamentals remain bearish, technical signal a possible rally.
Wheat testing key moving averages; potential support emerging.
Wheat and corn may rebound next week, soybeans could lag.
Other Commodities:
Gold breaking lower after seasonal highs in early February.
Cattle markets show slow recovery, feeders leading gains.
Commodity-wide selloff includes sugar, cocoa, and coffee.
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.