Grain Market Recover from Wednesday’s Weakness

Grain Express

/ by Blue Line Futures

Grain Market Recover from Wednesday's Weakness

Grain markets got hit hard early on Wednesday but managed to close off the lows which has helped aide in some recovery overnight and into the early morning trade.

Corn


Wednesday’s Recap
Corn futures were lower Wednesday with the May contract finishing the session at a one week low of 460’6, losing 9’4 (2.02%), in a wide-ranging session. Across all maturities, 523,660 contracts changed hands, with 231,919 traded in the May maturity. Combined open interest added 15,903 (0.87%), with May down 1,534, or 0.21%, to 721,931.

Technicals
Corn futures retreated in yesterday’s trade but were able to stabilize mid-day and close off the lows, which may be helping prices trade in the green overnight. The Bulls want to see a close back above 472 3/4-473 1/2 to renew optimism of a bigger relief rally. As stated in yesterday’s report, our bias is mostly neutral at these levels and in this environment as we see shorter term tradable opportunities on both sides of the market.

Technical Levels of Importance
Resistance: 480-484***, 486 1/2-488 1/2****
Pivot: 472 3/4-473 1/2
Support: 461-463 3/4***, 454 1/2-457 3/4***


Popular Options
Option trading centered around the May 490 calls with 6,201 changing hands and the April 460 puts with volume of 4,886. Options with the most open interest are the July 500 call with 36,798, and the July 450 put with 20,053.

Volatility Update
Corn implied volatility closed sharply higher as CVL increased by 1.6 to finish the day at 24.10. Historical volatility (30-day) ended the day at 23.82%, lower by 0.62%, to a one week low. The CVL Skew was moderately down with the 30-day dropping 0.3, finishing the session at a one week low of 0.96.

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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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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