Grain Markets Mixed in the Overnight Trade

Grain Express

/ by Blue Line Futures

Grain Markets Mixed in the Overnight Trade

Grain markets have been mixed in the overnight trade as the choppiness continues ahead of the weekend. This environment favors the shorter-term trader.

A Choppy Grain Trade Keeps Traders Active

A choppy grain trade has presented a lot of shorter-term opportunities for traders on both sides of the market.  Is that the trend into the prospective planting report?

Soybeans


Thursday’s Recap
Thursday’s Soybean market was higher with the May contract up by 10’2 (1.02%), to 1010’6. Across all maturities, 226,189 contracts were traded, with 114,617 done in the May maturity. Overall open interest increased 1,087 (0.13%) to end the session with 815,316 outstanding. The May maturity dropped 0.79%, or 1,087, to finish at 375,961.

Technicals
May soybean futures traded in about a 20-cent range yesterday, which lends hand to our thesis that this choppy trade environment benefits shorter term traders, on both sides of the market. Despite the fairly wide trading range, support and resistance levels remain intact for today’s trade.

Technical Levels of Importance
Resistance: 1024-1030 1/4***, 1036 1/2-1042****
Pivot: 1008-1013
Support: 991-995 3/4****, 977 1/4**


Popular Options
The April 1000 put saw the most action with 4,182 contracts changing hands. Largest volumes in May option trading were seen in the 1080 calls (608) and the 960 puts (1,549). Options with the largest open interest are the Nov 1200 call with 15,601, and the May 1000 put with 16,466.

Volatility Update
Implied Volatility was moderately higher with SVL adding 0.27, to finish the day at a one week high of 17.60. The 30-day historical volatility settled dropping 0.18% to a one week low of 17.18%. The SVL Skew was sharply up with the 30-day higher by 0.083, closing the day at a one week high of 0.14.

Seasonal Tendencies Update
(Updated on 3.10.25)

Below is a look at historical price averages for May 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
Friday’s Commitment of Traders report showed Funds were net sellers of roughly 45k futures/options contracts, majority of which were new short positions. Funds now hold a net short position of 35,487.

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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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