A Traders Paradise

Grain Express

/ by BlueLineFutures

A Traders Paradise

Grain markets have seen a choppy trade which has presented some great opportunities for shorter term traders. These are the levels we are watching into the weekend.

Corn


Thursday’s Recap
Thursday’s Corn market was higher with the May contract higher by 0’4 to 512’6. Overall the session saw 458,104 contracts done, with May volume coming in at 167,194. Combined open interest lost 2,395 (0.12%), with May up by 15,415, or 1.96%, to 803,276.

Technicals
With today being March options expiration, we are shifting the focus to the May contract. As mentioned in our media interviews yesterday, the upward momentum has been slowing over the last 3-sessions with failures and small reversals from 517. That’s not to say the top is in, but a pause and correction could be around the corner and likely even welcomed and viewed as healthy. Trendline support from the middle of December along with the 20-day moving average look to offer solid support on the first test, that comes in near 503 with psychological support just below that near 500. Consecutive closes back below those levels and that’s when you could start to see the tide turn a little more. Until then, the trend is still higher lows and higher highs.

Technical Levels of Importance
Resistance: 517-520****, 531**
Pivot: 503-505
Support: 495-499 1/2****, 481 1/2-484***


Popular Options
Option volumes were largest for the March 500 call (7,195) and the March 490 put (4,846). Options with the greatest open interest are the July 500 call with 41,650, and the March 440 put with 19,732.

Volatility Update
Implied Volatility closed the session moderately lower with CVL dropping 0.7, to finish at a one week low of 20.01. Historical volatility (30-day) closed at 21.40%, lower by 0.32%, to a one week low. The CVL Skew ended the day sharply up, higher by 0.31 to finish the session at 1.25.

Seasonal Tendencies Update

(Updated on 2.18.25)

Below is a look at historical price averages for May corn 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

Friday’s Commitment of Traders report showed Funds were net sellers of about 29k futures contracts, nearly all of which was long liquidation.  This trims their net long position to 332,389.  

 

Oliver Sloup was on RFD-TV Thursday afternoon, sharing his thoughts on the recent price action and technical levels for grain and livestock markets. 

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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.

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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.

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