close up photo of wheat

Corn Stages Biggest Rally of the Year

Grain Express

/ by BlueLineFutures | Leave a comment

Corn futures were able to stage their biggest rally since November. Is there more gas left in the tank?

We are at the Commodity Classic this week!

If you’re going to be in Houston for the Commodity Classic, stop by booth 7727 to say hi! The Grain Express will be abbreviated this week as we have limited time. Our trade desk is ready, willing, and able to help if needed!

Corn

Technicals (May)
May corn futures strung together two consecutive days of gains, amounting to the largest rally since the middle of November. We are resting near trendline resistance in the early morning trade, a close above this could spark additional short covering which could propel prices towards our next resistance pocket, 426 1/2-430.

Bias: Neutral/Bullish

Resistance: 426 1/2-430** 436 1/2-440***

Pivot: 421

Support: 415-416*, 398-402

Seasonal Tendencies

(updated on Mondays)
Below is a look at historical seasonal averages for May corn futures (updated each Monday) VS today’s prices (black line).

*Past performance is not necessarily indicative of futures results.


Fund Positioning

(updated on Mondays)
Funds were net sellers yet again, growing their net short position to a record 340,732 futures and options contracts. Last week marked the eighth consecutive week of selling.


Soybeans

Technicals (May)
May soybeans looked strong yesterday morning but reversed to finish the day lower which has bled into a little weakness in the early morning trade, threatening to take out the recent lows. A break and close below and we are back into uncharted territory. A lingering concern of ours for the longer-term picture is that the market could be pricing in pricing in a chance of a trade war, and if that’s the case that fear wouldn’t be alleviated anytime soon.

Bias: Neutral

Resistance: 1175-1176, 1198-1205 1/2

Pivot: 1145-1157

Support: 1125-1130**

Seasonal Tendencies

Below is a look at historical seasonal averages for May soybean futures VS this year’s price (black line), updated each Monday.

*Past performance is not necessarily indicative of futures results.

Commitment of Traders Snapshot

(updated on Mondays)
Friday’s Commitment of Traders report showed Funds were net sellers yet again, extending the streak to 14 consecutive weeks, a new record. They are now net short 136,677 futures and options contracts, the fifth largest net short on record.

Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas! Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email info@Bluelinefutures.com or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500



Blue Line Futures

141 W. Jackson Blvd., Suite 2620 Chicago, IL 60604

info@bluelinefutures.com
(312) 278-0500
(F) (888) 370-2221

Quick Links
Markets
About

© 2025 by Blue Line Futures, LLC. All rights reserved.
Futures trading involves substantial risk of loss and may not be suitable for all investors.

Privacy Policy Illustration by Freepik Storyset

Get in touch with us today.
Press the contact us button to reach out to us or take a look at our social media pages.

Contact Us


Futures trading involves a substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy, and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third-party application. Blue Line Futures employees use only firm-authorized email addresses and phone numbers. If you are contacted by any person and want to confirm your identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

Performance Disclaimer

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points that can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results all of which can adversely affect actual trading results.

Research Disclaimer

All information, communications, publications, and reports, including this specific material, used and distributed by Blue Line Futures LLC shall be construed as, or is in the nature of, a Solicitation for entering into a futures transaction. Blue Line Futures LLC does not employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.

Seasonal Disclaimer

This message and its content is intended only for the person or entity to which it is addressed and should not be shared with additional parties. Seasonal tendencies are a composite of some of the most consistent commodity futures seasonals that have occurred in the past several years. There are usually underlying, fundamental circumstances that occur annually that tend to cause the futures markets to react in similar directional manner during a certain calendar year even if a seasonal tendency occurs in the futures, it may not result in a profitable transaction as fees and the timing of the entry and liquidation may impact on the results. No representation is being made that any account has in the past, or will in the futures, achieve profits using these recommendations. No representation is being made that price patterns will recur in the future.

To top