When Is ‘Big' Big Enough?
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
StoneX pegs yield at 188.1 bpa, higher than expected
Other models showing 184–186, AI models even higher
Heat seen in Kansas/Nebraska but mostly irrigated
Euro model adds light Midwest heat Aug 15–18
Rain stays in forecast, no major “dome of doom”
Corn sliding toward $4; December could test 385–395
Soybeans:
StoneX at 53.75 bpa, some models forecast 54+
Export sales of 120k MT beans gave brief bounce
Sold off with weakness in bean oil
Beans still tracking wave 3 down; eyeing 980–982 channel
Fourth wave bounce likely over; fifth wave low next
Wheat:
Breakdown continues after sideways consolidation
September Chicago eyeing 496 trendline support
No buyers, seasonal slump underway
Wheat dragging entire grain complex sentiment down
Live Cattle:
October contract topped just over 230
Wave count suggests B-wave completed, C-wave decline underway
Could test 218 breakout zone again
Packers may pay up short term with box beef higher
Tyson says beef demand weakening in favor of poultry
Feeder Cattle:
Smart rally off 15-day moving average
September contract faded late but could push new high
Potential B-wave top near 340–341, then C-wave decline
Mexico border reopening could impact feeder flow again
Crude Oil:
Lost support, wave 3 of 3 down unfolding
Targeting low $50s by December–January seasonal low
Bounce off Iran bombing lows appears complete
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.