What Rallied Grains & Friday’s Cattle Reports
Presented by Heartland Investor Capital Management Inc. CTA
🌽 Corn
Western Corn Belt heat and dryness could pull the national yield below USDA projections.
A 180-bushel yield could remove roughly 200 million bushels from production.
Strong exports and European crop problems continue supporting demand.
Black Sea disruptions could create additional opportunities for U.S. corn.
Technical projections point toward $5.25, with $6 possible this winter.
🌱 Soybeans
Soybeans reached new contract highs without filling Sunday’s chart gap.
August heat remains a major threat during the crop’s critical development period.
A one-bushel yield reduction would sharply tighten the soybean balance sheet.
Brazilian planting could face dryness and fertilizer disruptions this fall.
Measured-move projections target approximately $13.50.
🌾 Wheat
Kansas City and Chicago wheat remain near new contract highs.
Black Sea disruptions continue limiting the movement of available wheat supplies.
The spring wheat tour is finding damage caused by heat and dryness.
Kansas City wheat is targeting prices above $8.
Chicago wheat could challenge the upper-$7 range.
🐄 Cattle
Friday brings the Cattle on Feed and cattle inventory reports.
Feedlot inventories are estimated 2% above last year.
Placements are expected down 2%, with marketings down 3%.
The national cattle herd may be roughly 320,000 head smaller than last year.
Feeder cattle held major support but remain technically vulnerable.
🌦️ Weather
Intense heat is focused on the Dakotas, Minnesota, Nebraska, and western Iowa.
These areas represent a substantial portion of national corn production.
The crop still needs adequate moisture during the grain-filling period.
Continued heat and dryness could reduce corn and soybean yield potential.
August weather will be critical for the direction of the grain rally.
🌍 Global Trade
France, Germany, Poland, and Spain are facing renewed heat and dryness.
European crop losses could increase demand for U.S. corn.
Black Sea fighting continues disrupting Ukrainian and Russian grain exports.
Available wheat supplies are struggling to reach nearby buyers.
Weather, demand, and geopolitical risks continue supporting grain prices.
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.