blue sky over a plantation

Grain Markets Firmed in Monday’s Trade. Can the Momentum Continue?

Grain Express

/ by BlueLineFutures | Leave a comment

Grain markets had a strong end to last week’s trade which may have spilled over into positive momentum to start the week. Will the rally be able to continue through today’s trade?

Are Funds moving the grain and livestock markets?   

Oliver Sloup joined RFD-TV on Monday to discuss the recent price action and Fund positioning.

Soybeans

Monday’s Recap
Jan Soybean futures settled at 1009’6 Monday, higher by 11’2, or 1.13%. Overall, a light 182,847 contracts were traded, with 107,221 done in Jan. Combined open interest increased 4,118, or 0.46%, with Jan down 486 (0.14%) to 356,174.

Technicals
January soybeans were able to stage an impressive comeback yesterday after defending the lows from last Thursday and Friday. As mentioned in our interview with RFD-TV yesterday, the 970-980 has been acting as a value zone for several months and we feel that could continue to be the case into what is a seasonally friendly time of year. On the resistance side of things, 1018-1024 3/4 is the pocket the Bulls want to chew through. If they can achieve this, we could see a swift move higher towards 1049-1052 1/2.

Technical Levels of Importance
Resistance: 1018-1024 3/4, 1049-1052 1/2
Pivot: 995 3/4-1002 1/2
Support: 986 1/4-987 1/4. 977 1/4-980 3/4 973 1/2**


Fundamental Notes
Monday Morning Flash Sales

  • 30,000 metric tons of soybean oil for delivery to India during the 2024/2025 marketing year
  • 261,264 metric tons of soybeans for delivery to Mexico during the 2024/2025 marketing year
  • 135,000 metric tons of soybean cake and meal for delivery to the Philippines during the 2024/2025 marketing year


Weekly Export Inspections

2,165,075 MT, within the range of expectations. China was the top destination accounting for about 1.39mmt.


Popular Options

Option trading centered around the Dec 1020 calls with 3,824 done and the Dec 980 puts with volume of 2,775. For Jan options, the 1020 calls were the most actively traded with 1,382 changing hands, and the high volume put was the 950 strike with 1,499 contracts done. Option open interest is highest for the March 1100 calls at 15,844, and the March 980 puts at 23,306.

Volatility Update
As measured by SVL, implied volatility ended slightly up, gaining 0.19 to close the session at 19.04. Losing 0.38%, historical volatility (as measured by the 30-day) settled at 14.89%. The SVL Skew finished slightly higher, up by 0.19 to close the session at -0.14, a one week high.

Seasonal Tendencies Update
(Updated on 11.18.24)

Below is a look at historical price averages for January soybean futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).

Commitment of Traders Update

(Updated on 11.18.24)

Friday’s Commitment of Traders report showed Funds were net buyers of roughly 16.6k contracts, which puts them net short 39,701 contracts.  The last time Funds held a net long position was last December. 

Want to read the full report?

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

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