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"How wonderful it is that nobody need wait a single
moment before starting to improve the world."
- Anne Frank
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Commentary |
Today's Radio report is our commentary.. you can listen to it here... "Radio commentary"
US Dollar Daily Chart
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Corn |
Corn is above the trendline. Corn exports are also improving. Breaks should be supported with the next objective 765-768.
March Corn Daily Chart
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Beans |
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Thanksgiving week was a positive price week, as we stated they can be. Bean oil exports are on fire and we have already sold in two months what the USDA said we would sell in a year. Look for beans to recover into the 1525-1550 region by year-end.
Jan Bean Daily Chart
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Wheat
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KC wheat held support last week. Now it just needs a push. A big export announcement to Egypt would be just the right touch. Seasonal price trend is up from now into the first week of the New Year. Wheat has not went dormant in the dry south.
Kansas City Dec Wheat Daily Chart
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Live Cattle and Feeder Cattle |
Not much new to say. Cattle futures remain range bound, cash offers are $130, packers are losing $58 per head, and choice beef is hovering in the $196 area. Eventually, beef will be go over the magical $200 mark and stay there, but packers may have to shut a few plants first for that to happen. All eyes will be on the weather....(moisture, or the lack thereof).
December Live Cattle Daily Chart
January Feeder Cattle Daily Chart
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Gold
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Gold woke up Friday and held the gains today. That is impressive. 1775-1780 is going to be tough to overcome, but looks to be the target for now.
February Gold Daily Chart
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Crude |
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A saucer bottom formation can be seen starting to form on the chart. For the January contract 85.00-85.50 is becoming solid support. A close over 90.00 projects resistance at 94.00-94.50 to be challenged.
January Crude Oil Daily Chart
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11-26-12
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NOTE: With the exception of livestock, all trades will be entered in the electronic markets unless otherwise noted. Hedge recommendations and Trade recommendations are totally separate, and may sometimes conflict with one another. It is strongly suggested that Spec trades and Hedge trades be done in separate accounts.
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A word to the Wise
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.
Newsletter 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.
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Copyright © 2012 Heartland Investor Capital Management All rights reserved |
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