Grain Express | 11.1.2021

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Corn (December)

Fundamentals: December corn futures had their best week in a long time, rallying 30 ¼ cents, putting gains for the month at 31 ½ cents. Friday’s Commitments of Traders report showed Managed Money were net buyers of 25,223 futures/options contracts through October 26th, extending their net long position to 244,790 futures/options (277,195 longs and 32,405 shorts). Corn futures were...Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.


Technicals: Corn futures have put together a string of consecutive positive closes and are on pace to add to that today, with prices firm in the early morning trade. If the Bulls can...Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.





Soybeans (January)

Breaking: Private exporters reported sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.


Fundamentals: January soybean futures were up 18 ¾ cents for the week ending October 29th, that trimmed losses for the month to 16 cents. Friday’s Commitments of Traders report showed ...Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.


Technicals: Soybean futures traded in some wide ranges last week, but outside of last Monday’s rally, the market didn’t really go anywhere. Technical resistance remains intact from ...Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.



Wheat (December)

Technicals: Wheat futures continue to be the leader in the grain complex, with spring wheat in the driver’s seat as it continues to inch closer to the $11.00 mark! Spring wheat is in a league of its own right now but is obviously having an impact on the other wheat markets, like Chicago and the KC contract. Chicago futures are just a stone’s throw away from contract highs, 786 ½. A move above here puts us officially in...Blue Line Futures to have our entire fundamental and technical outlook, actionable bias, and proprietary levels for the markets you trade emailed each morning.


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Futures trading involves substantial risk of loss and may not be suitable for all investors. 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.

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