Grain Express 10/06/22

Posted: Oct. 6, 2022, 8:53 a.m.


Watch us on RFD-TV, today at 12:45 PM CT!

Weekly Export Sales

Corn: Net sales of 227,000 MT for 2022/2023

Soybeans: Net sales of 777,100 MT for 2022/2023

Wheat: Net sales of 229,400 metric tons (MT) for 2022/2023

Ethanol Production

The weekly EIA ethanol report showed production rose to 889,000 barrels a day, up 34,000 from the previous week (which was a seven-month low).

A Look at the Outside Markets

The US Dollar is firm this morning, oil is flat, and stock indices steady. Initial jobless claims rose to 219k, up from 193 last week and 15k more than expectations. Non-farm payroll data will be out tomorrow morning.


We are having technical issues loading charts this morning, we apologize for the inconvenience.



Corn futures continue to consolidate, so we will continue to sound like a broken record. We have been in and remain in the camp that believes there will be short term trading opportunities for participants on both sides. A break above resistance or below support would likely change that theses as we could see the market take more of a direction, other than sideways.

Levels Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.


Soybean futures are making new lows for the move, taking us closer to 4-star support, which we have labeled as 1345-1355. We are moving our bias out of bearish territory, to outright neutral. If the Bulls can defend support through today's session, we will likely dip the toes in with a moderately bullish bias.

Levels Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.

First Two Weeks Free!
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial

Don't have an account with Blue Line Futures?
If you have any questions about markets, trading, or opening an account please let us know! You can email us at [email protected] or call 312-278-0500.

Futures trading involves a 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.

Grains Soybeans Corn Wheat

Like this post? Share it below:

Back to Insights