Grains Show Some Backbone
Presented by Heartland Investor Capital Management Inc. CTA
🌾 Daily Market Recap
Grains shook off a rough start Tuesday, led by a strong soybean recovery.
U.S.-China tariff talks helped beans overcome several bearish headlines.
Corn held key support, while wheat defended important technical levels.
Crude oil also surged as global supplies remain tight.
🌱 Soybeans
Tariff optimism helped beans reverse early losses.
Soybeans posted their second-highest close of the year.
Resistance sits near 1321–1323, then 1341–1350.
Renewed Chinese buying could reopen the path toward $14.
🌽 Corn
Corn held support despite another bearish push.
The recent pullback may have completed its fourth-wave correction.
The next upside target is the mid-540 area.
September 30 stocks and the October report are the next catalysts.
🌾 Wheat
Wheat was pressured again but held major support.
Black Sea export problems remain supportive longer term.
Late September into early October remains seasonally favorable.
Chicago needs to clear 743–747 to spark a stronger rally.
🐄 Livestock
Live cattle appear to be entering a short-term correction.
October could pull back toward the 217–218 area.
December may later challenge 230–232.
Feeder cattle rallies remain opportunities to add protection.
🛢️ Outside Markets
Crude oil continues to surge as global supplies tighten.
Strait of Hormuz flows remain restricted.
Another sharp weekly move could push crude toward $110–$111.
Higher energy prices remain supportive to soybean oil.
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.