Grain Markets Mixed to Start the Week

Grain Express

/ by Blue Line Futures

Grain Markets Mixed to Start the Week

Grain markets have traded on both sides of unchanged to start a new week of trade. Tariff talks and the monthly WASDE report take center stage, these are the levels to keep an eye on for this week’s trade.

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Corn

Friday’s Recap
Friday’s Corn market was higher with the May contract gaining 5’2, or 1.13%, to 469’2, a one week high. Total volume was 424,806, with the May maturity seeing 191,869 done. Across all maturities, open interest rose 698 (0.0380%), with May down by 10,464, or 1.38%, to 746,171.

Technicals
May corn futures tested resistance again in the overnight trade but failed to sustain any buying in and above that pocket, which we’ve had outlined as 472 3/4-473 1/2. If the Bulls can clear this hurdle, it could lead to additional relief towards 480-484. This pocket represents previously important price points along with the 50% retracement of the recent range as well as the 50-day moving average. If the market were to make it this high, we would likely view that as an opportunity to be fairly aggressive with a bearish bias.

Technical Levels of Importance
Resistance: 472 3/4-473 1/2***, 480-484***
Pivot: 461-463 3/4
Support: 454 1/2-457 3/4***, 442 1/4-443 3/4****

Popular Options
Option volumes were greatest for the May 540 call (5,411) and the May 425 put (8,199). Option open interest is largest for the July 500 calls at 34,177, and the July 450 puts at 19,328.

Volatility Update
As measured by CVL, implied volatility ended the session sharply down, off 1.4 to finish at a one week low of 23.50. Historical volatility (30-day) finished the session at 24.56%, higher by 0.24%, to a one month high. The CVL Skew finished the session moderately down, off 0.12 to settle at 1.93.

Seasonal Tendencies Update

(Updated on 3.10.25)

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 a whopping 118k futures/options contracts, nearly all of that was long liquidation. That shrinks their net long position to 219,752.

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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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