What's Baking In The Grain Markets?
Presented by Heartland Investor Capital Management Inc. CTA
Grain Trade:
Overnight strength in grains reversed early due to China's WTO threat over tariffs.
Wheat rallied 15-16 cents on forecasts of cold weather in Russian winter wheat regions.
Market turned higher as Trump's trade advisor highlighted China's Phase One agreement breaches.
Cattle Trade:
Sharp decline linked to avian flu concerns in Nevada, echoing past market reactions.
Technical analysis suggests support levels and potential bounce areas for live cattle futures.
Feeder cattle showed deeper declines, potentially forming a corrective wave pattern.
Wheat Market:
Wheat prices surged on forecasts of cold temperatures threatening Russian and Ukrainian crops.
Technical signals, like an outside day higher, indicate potential for further strength.
Market dynamics influenced by speculative positioning and weather forecasts.
Corn Market:
Corn prices rebounded from lows, closing above key moving averages.
Market sentiment boosted by potential Chinese purchases under Phase One agreement.
New crop December corn breaking long-term resistance, targeting higher price levels.
Soybean Market:
Soybeans closed above the 100-day moving average, signaling potential bullish reversal.
Market dynamics influenced by US-China trade relations and South American weather.
Technical analysis suggests a potential wave pattern setup for further price movements.
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.