Grain Markets Mixed Into Options Expiration

Grain Express

/ by Blue Line Futures

Grain Markets Mixed Into Options Expiration

Grain markets were impressive going into the day off and have comeback to be mixed into options expiration.

Important Notes
Grain markets are closed on Thursday in observance of Juneteenth. They will reopen at 7pm CT Thursday evening.
July options expire on Friday. If you’re in July grain futures, you may want to consider exiting or rolling positions prior to the weekend.

Important Notes 

July options expire on today.  If you’re in July grain futures, you may want to consider exiting or rolling positions prior to the weekend.  

 

Corn

Wednesday’s Recap

Dec Corn futures settled at a one week high of 444’0 Wednesday, gaining 5’2 (1.20%). Overall, a heavy 570,484 contracts were traded, with 146,820 done in Dec. Combined open interest decreased 10,155, or 0.64%, to 1,582,322. Dec rose 1,879 (0.34%), finishing at 547,634.

Technicals (December)

December corn futures powered back on Tuesday and Wednesday, to recover all of the losses from Monday and then some.  The market is seeing continued upward momentum in the early morning trade, following the day off.  Prices are nearing first resistance from 447-450 1/2.  This pocket includes previously important price points along with the 50 and 200 day moving averages.   Just above that pocket is the 100dma at 452 1/2.  If the market can clear those hurdles we could see a bigger recovery in prices, despite there not being much of a weather story at the moment.  First support come sin from 442-444, below that and a retest of the very well defined low end of the range could be in order, 433 3/4-435 3/4.  

Technical Levels of Importance

  • Resistance: 447-450 1/2***, 452 1/2-456 1/2****
  • Pivot: 442-444
  • Support: 433 3/4-435 3/4****

Popular Options

The July 430 put saw the most changing hands with 7,332 contracts done. Options with the highest open interest are the Dec 500 call with 38,328, and the Dec 400 put with 30,327.

Volatility Update

As measured by CVL, implied volatility finished the session unchanged, even 0.0 to end at a one week high of 25.63. The 30-day historical volatility closed the day unchanged nan% to nan%. The CVL Skew finished the session unchanged, even 0.0 to close the day at 6.03, a one month high.

 

Seasonal Tendencies Update

(Updated on 6.16.25)

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 sellers of 10k futures and options contracts through June 10rd.  This is the largest net short since September.  

Ready to dig in? 

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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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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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