Post WASDE & Outlook
Presented by Heartland Investor Capital Management Inc. CTA
Grains:
Corn carryout cut 50 million bushels to 1.75 billion, no market reaction.
Beans unchanged, but 5 million bushels below trade guess.
Wheat exports raised 25 million bushels; no change to yield or production.
Markets:
US dollar hits lowest since April 2022, down 12% YTD.
Crude oil climbs on technicals and Middle East tension.
Bean oil drops sharply on RVO delay, forming bearish outside day.
Weather:
Western heat may shift east after July 4.
Canadian Prairies finally forecasted rain.
Midwest mostly wet; isolated dry spots persist.
Technical Outlook:
December corn risks falling to $4.20 if $4.35 breaks.
November beans weak near 200-day average.
Chicago wheat may form bullish head-and-shoulders if lows hold.
Livestock:
Live cattle eyeing 221–222 target on bullish setup.
Feeders aiming for 316–320 on extended rally.
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.