Grains Improve Ahead of WASDE
Presented by Heartland Investor Capital Management Inc. CTA
Grains:
Soybeans rallied despite softer export sales
Conab raised Brazil’s crop, but below trade estimates, supporting beans
Corn held support, showing bullish outside day setup
Wheat posted a key reversal from new lows
Weather:
August was driest since 2013 in major Corn Belt areas
Dryness supports potential for lower October yield estimates
Technical Outlook:
Corn forming potential cup and handle pattern, upside toward 4.35 if yields drop
Soybeans bullish outside day, holding support near 1014
Wheat reversal hints at short-term support
Cattle:
Live and feeder cattle remain volatile with wide ranges
Seasonal weakness unfolding, wave 4 correction in play
Support near 350 feeders, live cattle need 235+ to turn bullish
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.