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

141 W. Jackson Blvd, Suite 2845

Chicago, IL 60604

info@bluelinefutures.com

p: (312) 278-0500

    (888) 441-8555

f:  (888) 370-2221

Privacy Policy

  • Twitter Social Icon
  • YouTube Social  Icon
  • LinkedIn Social Icon
  • Facebook Social Icon
Send Us a Message

© 2017 by Blue Line Futures, LLC. 

Grain Express

 

 

 Corn (December)

 

Yesterday’s Close:  December corn futures finished yesterday’s session down 11 cents, trading in a range of 15 cents.  Funds were estimated sellers of 20,000 contracts.

 

Fundamentals:  Selling pressure from Friday’s USDA report spilled over into prices to start the holiday trading week.  Some of the pressure, likely forced liquidation from risk departments.  Yesterday’s Crop Progress report showed corn’s good/excellent rating at 56%, 1% below expectations and unchanged from the previous week.  It is evident that there are still major question marks over the yield potential of the crop that is planted.  We remain optimistic on prices but are tempering expectations due to the bi-polar USDA reports. 

 

Technicals:  December corn futures broke below....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email

 

 

 

Soybeans (November)

 

Yesterday’s Close:  November soybean futures finished yesterday’s session down 15 ½ cents, trading in a range of 27 ¼ cents.  Funds were estimated sellers of 10,000 contracts. 

 

Fundamentals:  Soybeans were under pressure to start the week as Reuters released a story over the weekend suggesting ASF could be twice as big as reported, putting a cloud of doubt over what is already a dismal demand outlook.  Yesterday’s Crop Progress report showed the good/excellent rating for soybeans at 54% good/excellent, 2% below expectations and unchanged from the previous week.  We had been optimistic on beans since the end of May, but the inability to hold ground on the back of a friendly USDA report is a caution flag. 

 

Technicals:  The market drifted....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email

 

 

 

Wheat (September)

 

Yesterday’s Close:  September wheat futures finished yesterday’s session down 15 cents, trading in a range of 22 ½ cents.  Funds were estimated sellers of 6,000 contracts.

 

Fundamentals:  For the past few weeks we have suggested that if corn and beans were to soften up, wheat would start to roll harder and faster; we still believe that wheat will be the leader if weakness persists.  Yesterday’s Crop Progress report showed winter wheat’s crop rating at 63% good/excellent, up 2% from estimates, as well as last week’s rating. 

 

Technicals:  We are approaching significant....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email

 

Sign up for a FREE trial of 1 or all 4 of our daily commodity reports!

-Grains

-Livestock

-Currencies

-S&P, Oil, Gold

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.

 

 

Share on Facebook
Share on Twitter
Please reload