A New Month of Grain Trading Starts Today!

Grain Express

/ by Blue Line Futures

A New Month of Grain Trading Starts Today!

Corn and soybeans saw pressure through last week’s trade while wheat managed to hold ground. To start a new month of trade, wheat is not just holding ground, but nothing impressive gains.

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Corn


Friday’s Recap
Corn futures were mixed Friday with the July contract finishing the session at a one week low of 444’0, off 3’0. Across all maturities, volume was 343,319, with the July contract seeing 140,113 done. Total open interest added 5,080 (0.31%) to end the session with 1,660,607 outstanding. The July maturity decreased 1.09%, or 5,080, to finish at 644,667.

Technicals
July corn futures struggled last week, losing 15 1/2 cents. This has brought prices back to the low end of the range from May, which we’ve outlined as first support, 442 1/4-445 3/4. Below that is a more significant support pocket from 436-437. Consecutive closes below that pocket and continued technical selling could pickup. To start repairing the technical damage that was done last week, the Bulls need to see prices get back above 450 1/2-455 1/4.

Technical Levels of Importance
Resistance: 463 1/4-465 1/4***
Pivot: 450 1/2-455 1/4
Support: 442 1/4-445 3/4**, 436-437****


Popular Options
Option volumes were largest for the July 470 call (2,684) and the Dec 390 put (3,342). Calls with the largest open interest are the July 500 strike (33,703), and for the puts are the Dec 400 strike (25,652).

Volatility Update

Implied Volatility was moderately lower with CVL down by 0.97, to finish at a one week low of 23.61. The 30-day historical volatility ended adding 0.0378% to a one month high of 20.75%. The CVL Skew ended the day slightly higher, up by 0.14 to close at 3.71.

Seasonal Tendencies Update
(Updated on 6.2.25)

Below is a look at historical price averages for December 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 buyers of 2.5k futures and options contracts through May 27th. Prices dropped sharply in the back half of the week, making the real time estimate more aggressively short.

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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.

Research Disclaimer

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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