Tuesday's Stocks Report & Cattle Stories
Presented by Heartland Investor Capital Management Inc. CTA
Corn
Export sales strong for this time of year with one third of annual target already booked
USDA likely underestimating demand by about 100 million bushels
Harvest pressure possible but key technical support remains
Soybeans
Prices holding inside key retracement box after sharp decline
Friday close above 1020 could signal start of wave three higher
Argentina bean holiday ending adds mild uncertainty
Wheat
Stocks report due Tuesday for fresh direction
Seasonal strength expected into early October
Key resistance at 524 must be cleared for sustained rally
Cattle
Tariff discussions driving volatility and feeder market weakness
Potential deeper setback toward 223 if tariffs lifted
Feeder cattle risk extended downside toward 333
Crude Oil
Turn date triggered move higher
Upside targets near 67 to 68 before next downturn
Wave three decline likely into winter months
US Dollar
Rallied today but longer term bias remains soft
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.