WASDE Preview
Presented by Heartland Investor Capital Management Inc. CTA
Geopolitics
Iran deadline looms tonight with potential escalation or short term truce
Pakistan proposes reopening Strait of Hormuz as goodwill gesture
Crude oil volatile on shifting headlines and negotiation hopes
Corn
Ending stocks seen rising modestly month over month
Fell below 50 day moving average but held prior lows
Key resistance recovery above 452 could spark seasonal rally into May
Soybeans
Ending stocks essentially unchanged
Stuck in three week sideways range with little conviction
Break below 1145 targets 1120 while upside tied to China demand
Wheat
Winter wheat ratings poor at 35 percent versus 48 percent last year
Market ignored bearish conditions due to incoming rain forecasts
Holding key moving averages with potential seasonal rally window ahead
Crude Oil
Pulled back after testing highs near 117 before late session selloff
Trading driven by Middle East developments and truce speculation
Volatility expected as headlines develop over next 24 hours
Gold
Stuck in consolidation after testing key moving average resistance
Inside days signal indecision and upcoming breakout potential
Range between 4600 and 4830 defines next directional move
Weather
Rain forecast expected to reach western wheat belt
Moisture outlook limiting bullish response to poor crop ratings
Trade continues to price in improving conditions
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.