---

Grain markets continued to slide lower in today’s session, with soybeans leading the way lower. Is there a bottom in sight?

May corn futures were down 1 3/4 cents on the day, settling at 631 3/4. The new crop December contract was down 2 1/4 cents, settling at 552 1/4. Another flash sale, the 7th in the last 8 days, may have helped corn hold ground better than soybeans.

May soybeans got taken to the woodshed again, settling 29 cents lower to 1419 1/2, the lowest close since October 28th. The new crop November contract found support at the psychologically significant $12.50 level before settling the day at 1258, that was 14 1/2 lower.

May Chicago wheat was down 1 1/2 cents to 662, right near the low end of the range from March 9th and 10th. The KC Hard Red Wheat wins the gold star with the May contract settling 8 1/2 cents higher to 819 3/4.

---

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

Grains

Like this post? Share it below:

Back to Insights