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

  • Oliver Sloup

Grain Express

Outside Markets: Outside markets were firm yesterday and are holding overnight, this on the back of a $2 trillion stimulus package was expected an announced. The package includes up to $1,200 checks for Americans in a specific income bracket, that amount phases out with a higher income. The package also includes expands unemployment insurance benefits, adding an additional $600/week for four months. Note that the 4-month time frame is longer than the initial quarantine, signaling it could be longer for “non-essential” businesses.

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or Email Oliver with questions/comments: Oliver@BlueLineFutures.com


Corn (May)

Corn futures managed to stage an impressive rally yesterday, which has spilled into overnight strength. The chart looks ripe for additional relief, but the fundamental upside seems limited. We see first resistance as 354-356 ¾, but the more significant pocket comes in from.....Click this link to get the FULL report, or email Oliver@BlueLineFutures.com

Soybeans (May)

May soybeans have had a tremendous rally over the course of the last week. If you had caught the wave, this may not be a bad spot to consider reducing some exposure. The market has filled the gap from March 6th and rallied back to the 50% retracement (middle of the range from the October highs to the recent lows). Our bias has been and remains at Neutral/Bullish, aka cautiously optimistic, which is as about as aggressive as we will get in this type of broader market environment.....Click this link to get the FULL report, or email Oliver@BlueLineFutures.com

Chicago Wheat (May)

Chicago wheat traded lower early yesterday but managed to close back at the top end of the range, spilling over into strength in overnight trade and making new highs for the move. 564-568 ½ remains significant resistance. If the bulls can chew through this pocket and achieve consecutive closes above here, we could see an extension and.....Click this link to get the FULL report, or email Oliver@BlueLineFutures.com


Sign up for your FREE two week trial of our daily commodity reports!

or Email Oliver with questions/comments: Oliver@BlueLineFutures.com


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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