Nobody Believes It
Presented by Heartland Investor Capital Management Inc. CTA
Soybeans
China likely to buy 8 million metric tons
Potential rapid purchasing similar to prior deals
Carryout could fall below 150 million bushels
Targets at 12 to possibly 13
Wave three technical structure intact
Soybean Meal
Rising as crush tightens
Next leadership phase after oil peak
Targets above 330
Supports higher soybean prices
Reflects tightening domestic supply
Soybean Oil
Reached upside targets near 55
Possible corrective phase developing
EPA uncertainty weighing
Leadership shifting to meal
Momentum slowing
Corn
China corn imports likely 6 to 10 million metric tons
Brazil and Ukraine supply limited near term
Carryout could fall below 2 billion bushels
July corn target 470 to 490
Positive close above 200 day average
Kansas City Wheat
Holding above 200 day moving average
Outside day up possible
Cold damage concerns in Russia
60 day cycle pointing higher
Trend turning bullish
Chicago Wheat
Key reversal being invalidated
Holding long term support
Following corn strength
Improving technical structure
Potential upside continuation
Live Cattle
Pressure from possible JBS Greeley strike
Resistance near 238 to 240
Support near 230 critical
Strike negotiations ongoing
Volatility elevated
Feeder Cattle
Strong uptrend still intact
15 day moving average key support
Below 362 signals trouble
Potential wave two correction risk
Black swan risk increasing
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.