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MQT 8/20/24 08/20/24 2:16:34 PM
Presented by Heartland Investor Capital Management Inc. CTA
Corn and Soybeans: Monday's rally driven by dry weather concerns impacting yields. Pro Farmer yield tweets may push grain prices down. Corn and soybeans' midweek performance uncertain, with potential selling pressure.
Cattle Trade: Cattle futures saw significant declines, breaking key support levels. October cattle dropped below 175, with further downside possible. Potential short-term bounce, but likely continued downtrend into September.
Wheat and Canadian Rail Strike: Canadian rail strike could disrupt wheat transportation from the U.S. to ports. Spring wheat struggles compared to Chicago and Kansas wheat contracts. Market closely watches the strike's impact on wheat prices.
Crude Oil: Crude oil saw a 68% retracement, with potential further declines. Continued wave patterns suggest downside potential, especially with calm hurricane activity.
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.
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