Corn Bears Are Getting Ready For Hibernation
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Strong export inspections, year-to-date 29% higher than last year
Broke moving average and April trendline resistance
Resistance around 430 range; short-term upside may be limited
Old crop and March contract sales recommended for hedgers
Soybeans:
Export inspections up 11% year-over-year
China expected to buy in December-January, supporting Pacific Northwest basis
Carryout falling; potential to exceed $11 with basis improvement
Fibonacci retracement shows minimal pullback, signaling stealth rally
Wheat:
Export inspections 15% higher year-over-year
Chicago wheat strong, linked to corn’s strength
Kansas and spring wheat under pressure; December contract support above 560
Seasonal lift expected mid-September to early November
Cattle:
Live cattle: potential B-wave bounce, watch 242-232 for wave analysis
Feeder cattle: support at 356; under 350 signals deeper correction
Historical highs show late-August to mid-September peak window
Gold and Bonds:
Gold breaking trendlines, new highs possible
Japanese bond market pressures supporting gold
Crude Oil:
Counter-trend low occurred early, run to 65 achieved
A-B-C Wave Two may push prices toward 67–68
Geopolitical tensions (Russia-Ukraine) influencing refinery capacity and supply
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.