Their Guess, and Then There's My Guess
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Old crop stocks above last year near 9 billion bushels, not a surprise
Market focused on acreage report with potential for higher than expected planted acres
New crop targeting 510 with sales expected between 510 and 525
Fertilizer concerns may emerge in April and May supporting prices
Soybeans:
Market hesitant ahead of acreage report with uncertainty on final planting intentions
Potential for acreage to come in higher due to early survey responses
Bean oil strength supporting market short term while meal lags
Possible rally into May tied to trade developments with China
Wheat:
Kansas City wheat leading rally as drought expands across key growing regions
Recent freeze and heat stress expected to lower crop ratings
Forecast turning drier through early April adding support
Seasonal top window expected between April 20 and May 4
Crude Oil:
Market stabilizing mid range after recent volatility
Geopolitical tensions with Iran creating upside risk
Potential move toward 97 to 98 or higher into weekend
Strength in crude supportive to row crops
Weather Outlook:
Drought expanding across Plains especially Nebraska and western belt
Moisture forecasts trending drier into April 10
Wheat conditions expected to decline further in upcoming reports
Weather remains primary driver for wheat direction
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.