Grain Markets Weaker in the Early Morning Trade

Grain Express

/ by Blue Line Futures

Grain Markets Weaker in the Early Morning Trade

Soybeans saw strength in Thursdays trade but are under minor pressure this morning, along with corn and wheat

Corn


Thursday’s Recap
May Corn futures closed the day at a one month low of 450’0 Thursday, down 1’2. Overall the session saw 432,991 contracts traded, with May volume coming in at 170,192. Across all maturities, open interest rose 3,509 (0.19%), with May higher by 553, or 0.0857%, to 646,176.

Technicals
May corn futures continue to bleed out this morning as the technicals continue to soften, making new lows for the move and within arm’s reach of the March 4th low, 442 1/2. A failure to hold ground here and all of a sudden, the conversation turns to the potential of new contract lows. End of month and end of quarter trade ahead of one of the biggest reports of the year could be playing a role in recent price action.

Technical Levels of Importance
Resistance: 462 1/2-465 1/2**, 472 3/4-473 1/2***
Pivot: 454 1/2-457 3/4
Support: 440-442 1/2***, 432 3/4-434 1/4***


Popular Options
The July 450 put saw the most changing hands with 13,037 contracts done. Option open interest is largest for the July 500 calls at 36,899, and the Dec 400 puts at 19,875.

Volatility Update
As measured by CVL, implied volatility finished the day higher, gaining 0.49 to end the session at a one week high of 26.64. The 30-day historical volatility finished the session down by 0.16% to a one month low of 22.69%. The CVL Skew was slightly higher with the 30-day gaining 0.051, finishing the session at 1.73.


Seasonal Tendencies Update
(Updated on 3.24.25)

Below is a look at historical price averages for July 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 39k futures contracts, shrinking their net long position to 107,270.

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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

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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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