Soybeans Make A New Calendar High
Presented by Heartland Investor Capital Management Inc. CTA
Cattle Trade:
Sharp initial decline followed by a moderate rebound at the close.
Wave analysis suggests a potential bull market correction.
Support at 198 range, possible bounce targets around 201.5 to 204.
Grain Trade (Soybeans and Corn):
Soybeans reached January high despite new rain forecasts in Buenos Aires and dry conditions in Brazil.
Optimism due to potential U.S.-China trade deal meeting this weekend.
Corn challenges last week's high, potential for further upside to 203-208 range.
Wheat Trade:
Volatile with frequent reversals, possibly forming multiple one-two patterns.
Correlated with corn market trends and Russian supply dynamics.
Crude Oil Market:
Recent bounce near $80 level, but overall downtrend expected.
Influence of geopolitical factors including U.S.-Iran tensions and Chinese energy demand.
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
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