Grains Slide Lower Following Crop Progress Report

Grain Express

/ by Blue Line Futures

Grains Slide Lower Following Crop Progress Report

Grains came under pressure to start the week following friendly weather forecasts. Selling has continued overnight as the buyers strike continues

Soybeans


Monday’s Recap
Monday’s Soybean market was lower in narrow trade, with the July contract off by 1’2 to 1056’0. Overall, 277,456 contracts changed hands, with 120,715 traded in July. Total open interest shed 16,202 (1.85%) to end the session with 857,547 outstanding. The July maturity decreased 5.86%, or 16,202, to finish at 292,688.

Technicals
July soybean futures saw some selling in Monday’s trade, but it wasn’t enough to do any serious technical damage to the chart. In the early morning trade, prices are lingering near our pivot pocket 1053-1056 3/4. If this were to giveaway, it could open the door for pressure back to the low end of the recent range, 1035 3/4-1040.

Technical Levels of Importance
Resistance: 1067 3/4-1073 1/4***,
Pivot: 1053-1056 3/4
Support: 1035 3/4-1040***, 1020-1025**, 1006-1009****

Popular Options
Option trading centered around the July 1070 calls with 1,831 changing hands and the August 1050 puts with volume of 1,715. Options with the largest open interest are the Nov 1200 call with 25,955, and the Nov 900 put with 19,433.

Volatility Update

Implied Volatility finished slightly down with SVL off 0.14, to end the day at 16.64. Losing 0.0257%, historical volatility (as measured by the 30-day) closed the day at 13.86%. The SVL Skew ended the session slightly higher, gaining 0.0053 to close at a one month high of 2.87.

Headlines
U.S.-China trade talks were set to extend to a second day in London as top economic officials from the world’s two largest economies sought to defuse bitter dispute that has widened from tariffs to restrictions over rare earths.

Seasonal Tendencies Update
(Updated on 6.9.25)

Below is a look at historical price averages for November 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 28k futures and options contracts.

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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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