A Little R&R
Presented by Heartland Investor Capital Management Inc. CTA
🌎 Trade
China remains a major focus for agriculture.
The shorter trade extension keeps pressure
on China to follow through on purchases.
That could become increasingly important
for USDA demand estimates later this fall.
🌽 Corn
Corn continues holding key support.
Month-end pressure could still bring
a pullback toward the 514–516 area.
Wet weather is slowing harvest in areas.
The broader outlook remains constructive
once this consolidation runs its course.
🌱 Soybeans
Soybeans are also stalling into month end.
Harvest delays are supporting nearby demand.
Illinois crushers are looking for beans,
while wet weather complicates harvest.
Another pullback remains possible before
we look for another push toward recent highs.
🥘 Soybean Meal
Meal continues to show strong underlying demand.
Tight nearby bean availability is supportive.
December meal is testing major resistance,
with $400 remaining an upside target
if soybean strength resumes.
🌾 Wheat
Chicago wheat is testing its 50-day average.
Seasonals turn stronger into late September
and the first half of October.
Black Sea uncertainty remains supportive,
and we continue looking for another
upside push after the current setback.
🐄 Cattle
Live cattle are backing and filling
after reaching downtrend resistance.
We expect the recent gap to hold.
December cattle could work toward 229–231,
while February has greater upside potential
into the end of the year.
🐮 Feeder Cattle
Feeders remain technically constructive.
The chart shows several bullish formations
despite today’s corrective trade.
November feeders could retest the
338–340 area before mid-October.
Higher prices would open another opportunity
to begin protecting deferred cattle.
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.