Grains Continue to Slide Lower as We Inch Closer to the Quarterly USDA Report

Grain Express

/ by Blue Line Futures

Grains Continue to Slide Lower as We Inch Closer to the Quarterly USDA Report

Corn futures are making new contract lows this morning, with soybeans and wheat under pressure as well. All eyes and attention will be on Monday’s Quarterly Stocks and Acreage report.

We will be sending out a preview of the June Stocks and Acreage report this Thursday! We will be covering estimates for each and how they stack up versus years prior, historical price action on report day, and the current market environment.
Be sure to fill out the form to get the full rundown:

Sign Up

Soybeans


Tuesday’s Recap
Nov Soybean futures settled at a one week low of 1037’0 Tuesday, dropping 9’6. Across all maturities, a heavy 376,964 contracts were traded, with 120,658 done in the Nov maturity. Combined open interest dropped 8,281 (0.98%), with Nov up 5,486, or 1.56%, to 358,281.

 

Technicals (November)
Soybeans have officially retreated back to the “scene of the crime”, the breakout point form June 13th. Prices are back in that cluster of moving averages we discussed back then, with the last one being the 100-day moving average at 1032 1/2. Below that is some support from 1015 1/4-1022. A failure there and the chart could take a turn for the worse. As mentioned with corn, Monday’s quarterly stocks and acreage report could be the catalyst to make or break prices from these levels. The table below illustrates price action on report day going back to 2011. We are planning to send out a detailed pre-report writeup tomorrow afternoon.

Technical Levels of Importance
Resistance: 1060-1064***, 1075 3/4-1080***, 1100-1104 1/4****
Pivot: 1040-1041 1/2
Support: 1032 1/2-1035****, 1015 1/4-1022***

Popular Options
Option volumes were highest for the Sep 1030 call (1,336) and the Nov 920 put (4,395). Calls with the highest open interest are the Nov 1200 strike (26,269), and for the puts are the Nov 900 strike (18,627).

 

Volatility Update

Implied Volatility settled sharply lower with SVL dropping 1.1, to finish the day at a one week low of 17.55. The 30-day historical volatility finished losing 0.68% to a one week low of 14.49%. The SVL Skew was lower with the 30-day off by 0.54, closing at a one week low of 2.37.

Seasonal Tendencies Update
(Updated on 6.23.25)

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 long 59,165 contracts through June 17th

Ready to dig in? 

Subscribe to our daily Grain Express for fresh insights into Soybeans, Wheat, and Corn. Get our expert technical analysis, proprietary trading levels, and actionable market bias delivered right to your inbox. 

 

Subscribe today!
Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas! Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email info@Bluelinefutures.com or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!

Futures trading involves 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 identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500



Blue Line Futures

141 W. Jackson Blvd., Suite 2620 Chicago, IL 60604

info@bluelinefutures.com
(312) 278-0500
(F) (888) 370-2221

Quick Links
Markets
About

© 2025 by Blue Line Futures, LLC. All rights reserved.
Futures trading involves substantial risk of loss and may not be suitable for all investors.

Privacy Policy Illustration by Freepik Storyset

Get in touch with us today.
Press the contact us button to reach out to us or take a look at our social media pages.

Contact Us


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.

To top