Corn Continues To Perform
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Strong turnaround Tuesday rally despite Argentine tax cuts
Support held at 517 to 520 with close above 50 day moving average
Next targets 431 resistance then 442 to 444 if 200 day cleared
Exports solid with Mexico buying heavily
Soybeans:
Struggling under Argentine tax relief pressure
Likely to drift toward 998 to 990 before potential October crop report rally
Seasonal weakness into late September
Wheat:
New contract low but seasonal tendency suggests late September strength
Needs close above 524 to trigger index fund short covering
Kansas City wheat testing 50 day moving average
Cattle:
Recent surge driven by Mexican border closure and screw worm concerns
Potential X wave rally followed by ABC decline as Brazil trade talks loom
Watching 15 day moving average near 353 for support
Hogs:
New contract highs ahead of Thursday pig report
Targets for summer contracts 110 to 115
Hedging recommended near current strong values
Crude Oil:
Bounce from October contract expiration and Trump UN comments
Needs close above 65 to confirm trend shift
No hurricanes threatening Gulf supply into early October
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.