Easter Hedger
Presented by Heartland Investor Capital Management Inc. CTA
Cattle:
Cattle on Feed report near expectations at 98.2%;
placements slightly above estimates may pressure feeders.
Cash trade active at $210–$212; April contract aligns with cash.
June cattle nearing 207 resistance; technicals suggest wave 2 correction likely.
Long-term outlook remains bullish with wave 3 and 5 highs into fall; 217 remains upside target.
Feeders frothy near prior highs; potential correction tied to macro factors or stock market stress.
Corn:
Weekly exports over 1.5 MMT; China now under 1% of total—broad global buying continues.
Technicals show wave 4 formation; wave 5 rally into early May expected.
Delayed planting and strong exports lifting new crop prices; 470 seen as next resistance.
Consider 50% sales level or cheap short-dated puts to manage upside while protecting downside.
Soybeans:
Spot beans consolidating above 100-day MA; still bullish with resistance at 1050.
Exponential 200-day MA not cleared yet; key for sustained move higher.
Breakout above 1050 on spot/July contract sets stage for $11 target.
November beans should follow with sales potential near technical lift.
Wheat:
KC wheat rallied early but reversed on westward-shifted rain forecast.
Chicago wheat holding better on dryness in Ukraine and southern Russia.
Minneapolis wheat strongest technically; targeting $6.25 resistance zone.
Weekend model shifts vital—drier outlook could ignite bullish surge into Monday open.
U.S. Dollar & Weather Outlook:
Weather models remain in flux—rain coverage in
western Plains and Northern states key to wheat direction.
Global macros and weather will drive Sunday night market tone.
Watch for volatility if models flip again ahead of Monday's session.
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.