YOWZA! Markets Are Moving
Presented by Heartland Investor Capital Management Inc. CTA
🌽 Corn
China buying hopes sparked the late rally.
Corn held support at the 100-day moving average.
Watch for an 8 a.m. USDA flash sale.
We favor a bullish yield surprise in Friday’s report.
🌱 Soybeans
November beans climbed above $13.
Resistance sits near $13.08–$13.10.
Mold and shattering raise concerns about yields.
We see an October low forming.
A counterseasonal rally could follow.
🌾 Wheat
French wheat is nearing prior highs.
Limited Black Sea exports could shift demand toward Europe and the U.S.
Kansas City’s buy signal needs another day of confirmation.
Chicago needs a close above $7.08–$7.10 to confirm the turn.
🐂 Live Cattle
Stronger boxed beef fueled the cattle rally.
December must clear the 100-day moving average.
We see upside toward $227–$233 into early November.
Seasonal weakness should follow into Thanksgiving.
February could reach $238–$241 by year-end.
🐃 Feeder Cattle
November reached our $338–$344 rally zone.
March’s hedging window opens near $328, with a target around $332.
We favor adding LRP coverage or puts near that target.
Prices could stall through year-end.
Our March downside target remains $285–$295 after the new year.
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.