Wheat futures

Grain futures market update

Grains Struggle From Supply and Plunge In Oil Markets

Blue Line Futures
April 06, 2020
May corn futures made several attempts to rally last week but failed to hold those attempts through the close, which has kept the funds comfortably short. Friday’s Commitment of Traders report showed funds net short position at 99,925 contracts.
Grain futures market update

Grain Futures and Commodities Bid On President "Pump" OPEC+ Tweet

Blue Line Futures
April 03, 2020
Corn futures caught a midday bid yesterday on the back of oil prices surging as much as 30%. President Trump tweeted that Russia and Saudi Arabia had open lines of communication regarding a production cut of 10-15 million barrels per day.
Grain futures market update

Grain Futures Prices Lower After Prospective Planting Report

Blue Line Futures
April 01, 2020
Yesterday’s USDA report had corn prospective acres at an astonishing 96.99 million acres, well above the average estimate of 94 million. Corn quarterly stocks came in at 7.953 billion bushels, towards the low end of estimates.
Grain futures market update

Grain Traders Attention Is On This Morning’s USDA Report

Blue Line Futures
March 31, 2020
Attention is all on this morning’s USDA report, out at 11 am CT. Corn prospective acres are expected to come in near 94 million. Quarterly stocks are expected to come in near 8.134 billion bushels.
Grain futures market update

Grain Traders Look To Next Tuesday Prospective Plantings Report

Blue Line Futures
March 26, 2020
May corn continue to grind higher yesterday, despite news that two more ethanol plants will be closing, due to negative margins. Export sales this morning came in at a whopping 1,814,300 for old crop corn.
Grain futures market update

Did We Just See The Bottom In Grain Markets?

Blue Line Futures
March 24, 2020
May soybeans extended their rally yesterday on the back of hopes for better demand and potential port disruptions in South America. The market is giving back some of those gains in the early morning trade.
Grain futures market update

Grain Traders - Soybean Futures Have The Most Upside Potential

Blue Line Futures
March 20, 2020
Corn futures staged nice recovery early yesterday but failed to hold all the gains into the close. This morning, prices are working back towards the top end of yesterday’s range.
Grain futures market update

Grain Traders - Fundamentals Don't Mean Sh**t When Markets Panic

Blue Line Futures
March 17, 2020
Outside markets will continue to have a bearing on the grain sector, if we can avoid the limit down days and peak panic environment like we saw yesterday, we think the market can focus back on its own fundamentals.
Grain futures market update

Grain Traders - USDA Leaves Soybean and Corn Balance Sheet Unchanged

Blue Line Futures
March 11, 2020
Soybean futures got taken to the woodshed yesterday, alongside nearly everything else. Outside markets have firmed in the overnight/early morning trade which has helped offer relief to beans.
Grain futures market update

Grain Traders - Attention Will Briefly Turn Towards This Morning’s USDA Report

Blue Line Futures
March 10, 2020
Soybean futures got taken to the woodshed yesterday, alongside nearly everything else. Outside markets have firmed in the overnight/early morning trade which has helped offer relief to beans.