Grain Markets Hold Their Own

Grain Express

/ by Blue Line Futures

Grain Markets Hold Their Own

A risk-off trade in the outside markets induced more panic on Sunday night, however, grain markets have largely traded as a spectator to the broader market volatility. A potential silver lining?

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Corn


Friday’s Recap
Friday’s Corn market was mostly lower with the July contract higher by 1’6 to 467’2. Overall volume was 497,259, with the July maturity seeing 126,896 change hands. Across all maturities, open interest fell by 10,702, or 0.57%, to 1,878,218. July increased by 2,926 (0.51%), finishing at 580,728.

Technicals
Corn futures have remained isolated from the outside market panic, which speaks volumes. Support to start the week remains intact from 440-442 1/2. On the resistance side, the Bulls want to see consecutive closes back above 462 1/2-465 1/2 to spur a more meaningful rally. Until then, a rangebound trade seems like the path of least resistance.

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
Option trading centered around the May 470 calls with 4,685 changing hands and the May 440 puts with volume of 6,717. For July options, the 480 calls were the most active with 3,638 done, and the high volume put was the 450 strike with 1,968 contracts changing hands. Options with the greatest open interest are the July 460 call with 61,036, and the July 460 put with 61,477.

Volatility Update
Implied Volatility finished the day sharply up with CVL higher by 1.4, to close the session at 24.20. Lower by 0.15% to a one month low, historical volatility (as measured by the 30-day) finished the day at 20.35%. The CVL Skew finished lower, off 0.15 to end at 1.17, a one week low.

Seasonal Tendencies Update
(Updated on 4.7.25)

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 16.5k futures and options contracts, shrinking their net long position to 56,757.

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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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