MQT 9/5/24  09/05/24 3:04:13 PM

Projecting Current Grain Rallies...

Presented by Heartland Investor Capital Management Inc. CTA

                                                                                                      


Corn:
Bottomed at 385, hitting projected Labor Day target on August 27.
Current advance may reach 416-419, aligning with 786 retracement.
Potential pullback to $4.00 with upcoming crop report.

Soybeans:
Rebounded after early session dip, closing strong.
Market eyes $10.62-10.64 target with resistance broken.
Expected to face pullbacks before potential winter rally tied to Brazilian drought.

Wheat:
Broke previous cycle highs, correcting with support near mid-550s.
Intraday trends suggest support around 563-558 range.
Buying expected below 560, targeting higher levels.

Cattle:
Failed attempts near 180, now breaking down.
Support crucial at 174; failure could lead to deeper lows.
Wave 3 breakdown possible if support fails.

Hogs:
Likely peaked with C wave targeting 81.5.
Potential downturn if below 80, advocating hedging strategies.
October and December contracts advised for hedging.

Crude Oil:
Continuing downward in wave 3, despite recent draw.
Targeting 66.75-67 with potential for further decline.
Seasonal bottom possibly in early December amid production increases and weak demand.
 

Italian Trulli

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. 
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN