Grain Markets Hold Ground

Grain Express

/ by BlueLineFutures | Leave a comment

Despite a weaker trade into the weekend, grain markets have found their footing in the early morning trade. These are the levels to keep an eye on through the week.

Watch us on RFD-TV, today at 9:45am CT!

Corn


Friday’s Recap
Corn futures were lower Friday with the Dec contract finishing the session at 404’6, down by 2’0. Overall volume was 339,200, with the Dec maturity seeing 193,538 done. Total open interest finished the day at a one month high of 1,599,029, gaining 1,277, or 0.0799%. Dec open interest decreased 3,761 (0.50%), to 751,371.

Technicals
December corn futures look promising early in Friday’s trade, but that strength gave way as prices retreated to finish the session near the lows, erasing the gains and optimism from Thursday’s reversal. The market opened slightly lower last night but prices have found their footing to bring prices back into our pivot pocket from 406 1/2-408 1/2. If the Bulls can achieve a close above this pocket, we see 413-416 as the next upside objective.

Technical Levels of Importance
Resistance: 413-416, 425-426 1/2
Pivot:406 1/2-408 1/2
Support: 397-401 1/4****


Popular Options
The Nov 400 put saw the most traded with 6,104 contracts done. Calls with the most open interest are the Dec 430 strike (30,049), and for the puts are the Dec 400 strike (34,402).

Volatility Update
Implied Volatility ended the session higher with CVL adding 0.34, to close the day at a one week high of 20.05. The 30-day historical volatility closed adding 0.0433% to 17.70%. The CVL Skew finished moderately down, losing 0.07 to end the session at 0.77.

Commitment of Traders Update
Friday’s Commitment of Traders report showed what we all assumed, and that is that Funds were piling back in on the short side through October 15th. The weekly CoT report showed Funds were net sellers of about 72.5k contracts, expanding their net short position to 107,448. Most of the selling was new shorts (58.5k contracts).

Soybeans


Friday’s Recap
Jan Soybean futures closed at a one month low of 982’6 Friday, off by 15’2 or 1.53%. Overall, a heavy 486,381 contracts changed hands, with 154,632 traded in Jan. Across all maturities, open interest fell 4,930, or 0.51%, to end the session with 954,699 outstanding. The Jan maturity gained 1.87% (4,930) to finish at 287,278.

Technicals
November soybeans got taken to the woodshed on Friday which had many thinking we’d see continued weakness to start this week’s trade. Though we saw a slightly softer open, futures have managed to stabilize into the early morning trade. The Bulls will want to see consecutive closes back above 972 3/4-975 to help keep the hopes of a low being in alive. A failure to do so leaves the door open for a retest of the lows and potentially lower, that comes in from 955-957 1/4.

Technical Levels of Importance
Resistance: 995 3/4-1001 1/4, 1010-1011 1/2
Pivot: 972 3/4-975
Support: 955-957 1/4****


Popular Options

Option trading centered around the Nov 1020 calls with 6,025 traded and the Nov 970 puts with volume of 7,860. Option open interest is largest for the Nov 1040 calls at 19,190, and the Nov 1040 puts at 19,237.

Volatility Update
As measured by SVL, implied volatility finished sharply up, higher by 1.5 to settle at a one month high of 22.15. The 30-day historical volatility ended the session off 0.41% to a one month low of 17.12%. The SVL Skew was sharply lower with the 30-day off 0.51, finishing at a one week low of 0.55.

Commitment of Traders Update
Friday’s Commitment of Traders report showed Funds were net sellers of about 27k futures/options contracts through October 15th. The net short position as of Friday’s report stands at -40,488.

Ready to dig in? 

Subscribe to our daily Grain Express for fresh insights into Soybeans, Wheat, and Corn. Get our expert technical analysis, proprietary trading levels, and actionable market bias delivered right to your inbox. 

Sign Up for Free Futures Market Research – Blue Line Futures

Check out our South America Dashboard

Stay informed this South American growing season with expert insights from our dashboard, featuring weather updates from Empire Weather. Sign up now for exclusive access

Check it Out!
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