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CORN

Options Blueprint Series [Basic]: Corn Futures and PPI InsightsIntroduction to Corn Futures Market Sentiment Corn Futures are capturing the interest of traders as technical indicators and economic fundamentals align in a potential bullish setup. Currently, the Corn Producer Price Index (PPI) shows a Commodity Channel Index (CCI) bullish crossover, indicating a possible uptrend in prices. Corn Futures have followed suit with an earlier CCI bullish crossover, adding strength to the view that Corn prices could see upward momentum in the coming months. As Corn Futures reflect early signals of a shift in market sentiment, this article explores a straightforward yet effective Bull Call Spread strategy using June 2025 options. By leveraging these CCI signals and key resistance levels, traders could position themselves to benefit from a potential rise in Corn prices while maintaining a controlled risk profile. Corn Futures Contract Specifications and Margin Requirements Understanding the specifications of Corn Futures is essential for managing both position size and margin requirements effectively. Here’s a quick breakdown: Price Tick Size: The minimum fluctuation is 0.0025 cents per bushel, equivalent to $12.50 per tick. Margin Requirement: Approximately $1,000 per contract, although this can vary based on broker and market conditions. Analysis of Key Indicators and Market Setup Two primary indicators support the bullish case for Corn Futures: the CCI bullish crossover in both the Corn Futures and the Corn PPI. The CCI, a momentum-based indicator, identifies potential trend reversals by highlighting overbought and oversold conditions. The recent CCI bullish crossover in Corn Futures suggests early buying pressure, while the subsequent crossover in the Corn PPI confirms this trend on the economic front. This alignment between technical and economic indicators provides a potentially unique opportunity for options traders to capture potential upward movement, particularly as Corn prices approach critical resistance levels in front of a potential breakout. Identifying Key Resistance Levels for Corn Futures Resistance levels play a crucial role in setting realistic targets and managing expectations. In the current Corn Futures landscape, the primary resistance level for the front contract is observed around 550. For our target contract, ZCN2025 (July 2025), this resistance translates to approximately 485 due to the effects of contango/backwardation. These resistance levels serve as benchmarks for setting exit targets in a Bull Call Spread. If Corn prices rally towards this zone, it could provide a favorable exit opportunity while maintaining a controlled risk-to-reward structure. The Bull Call Spread Strategy Setup In this setup, we employ a Bull Call Spread using options with a June 20, 2025, expiration date. This strategy is ideal for capturing moderate upside movement while limiting downside risk through a capped loss. Here’s the specific setup: Long Position: Buy the 460 Call for a premium of 25.41. Short Position: Sell the 490 Call for a premium of 15.87. By buying the 460 Call and simultaneously selling the 490 Call, we establish a Bull Call Spread that allows us to benefit from price increases up to the 490 strike level. This setup reduces the net cost of the trade while capping the profit potential at the 490 strike price, aligning with our outlook based on resistance levels. Net Premium (Cost): 25.41−15.87=9.54. Reward-to-Risk Analysis A Bull Call Spread provides a straightforward way to define both maximum profit and loss at the outset. Here’s a closer look: Maximum Profit: Achieved if Corn Futures price rises to or above the 490 strike level at expiration = (490−460)−9.54=20.46. Maximum Loss: Limited to the net premium paid = 9.54. Breakeven Point: 469.54, calculated by adding the net premium to the 460 strike. This structure results in a reward-to-risk ratio of approximately 2.14:1. Forward-Looking Trade Plan and Execution Strategy This Bull Call Spread strategy is structured with specific entry and exit conditions in mind: Entry Condition: Triggered once the ZC1! (continuous Corn Futures contract) surpasses the prior month’s high at 434'2. This confirmation aligns the technical breakout with the ongoing bullish trend indicated by the CCI and PPI crossovers. Target Exit: Based on the resistance level, the target for this trade is 485 on the ZCN2025 contract. Reaching this level would allow for a strategic exit with a maximum profit potential. Alternative Exit: If Corn Futures prices fail to sustain the breakout or if technical indicators weaken significantly, an early exit can be considered to limit losses or preserve gains. By setting these clear parameters, the trade plan maintains discipline, helping traders avoid reactive decision-making and align with the predefined strategy. Risk Management Essentials Effective risk management is crucial, especially when trading options. Here are some best practices: Stop-Loss Strategy: For options traders, a stop-loss can be set based on a percentage of the premium paid or by monitoring underlying futures price action. Position Sizing: Limit the size of the position relative to the account balance to avoid overexposure. This is especially relevant for volatile markets like Corn. Discipline and Emotional Control: Stick to the plan, avoid emotional reactions to market noise, and adhere to entry and exit conditions. Risk management ensures that even if the trade does not perform as expected, losses are limited and capital is preserved for future opportunities. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. Also, some of the calculations and analytics used in this article have been derived using the QuikStrike® tool available on the CME Group website. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT:ZC1!Education
by traddictiv
Corn Reversal: Classical 5 bar trend confirmed!Corn CBOT:ZC1! is showing signs of a reversal, and it has confirmed the following: The daily trend was activated at yesterday's close, with enough momentum to push above 450. The weekly trend is also active, following a classic five-bar trend pattern, indicating a strong reversal signal. Once it reclaims 433, it should quickly move toward the first target of 466. If everything aligns as expected, it could aim for a break of the current trend. For now, it’s important to take it level by level.
CBOT:ZC1!Long
by ZelfTrade
5
15% to 35% Upside Ahead for Corn (Divergence Strategy)Corn recently has had the monthly bullish divergence confirmed with Septembers monthly close. This has major implications for corn, as I anticipate corn to now trade up at least 15% from current prices, up to a max move of approximately 35%. Monthly divergence triggers such as this are signals that the prudent trader must pay attention to. This does not mean I anticipate this market to go straight up from here. However, it does mean that, in my opinion, dips are for buying in the Corn market until we reach these upside targets. Have a great week.
CBOT:ZC1!Long
by Tradius_Trades
CORN, bound for huge bounce.. Drought will make prices surge!CORN has overextended correction to 5.74 from a high of 6.8. The overreaction is a bit on the unreasonable side with worst DROUGHT in years endangering world's supply. Price is back at 1.0 FIB level. This is beyond bargain / discount. Best to seed at this range. Based on monthly data, the 'trend shift' based on metrics hasn't changed. Reversal is on queue at the current price range. If anything, the market is too generous to offer at very low prices before the potential future valuation. 4H histogram is currently shifting -- with buyers attempting to reverse the trend. Spotted at 5.7 TAYOR Safeguard capital always. ------------- some related news: Central US is now getting worst of the drought. Corn crops are stressed, rivers are running low The middle of the country is extraordinarily dry ByJIM SALTER Associated Press June 30, 2023, 12:06 AM Drought Midwest This photo provided by Mike Shane shows Shane as he stands in his corn field near Peoria, Ill., Tuesday, June 27, 2023. By now, the corn stalks should be 10 feet high. Instead, they’re barely up to Shane’s waist. Illinois and other corn-growing states in the cent...Show more The Associated Press ST. LOUIS -- Mike Shane’s Illinois farm got a nice soaking on May 8, shortly after he planted his corn crop. Since then, rain has been hard to come by. Plenty of storms have ventured close only to fizzle out before making it to Shane’s 200-acre spread near Peoria. “It comes across the Mississippi River and then just disappears,” Shane, 47, said. “My corn looks absolutely terrible right now.” Without substantial rain soon, “I just don’t see any hope for it,” he said. Heavy rain over the winter eased the drought in the West, but now the middle of the country is extraordinarily dry. Crops are stressed, rivers are running low, and cities and towns are anxiously hoping for a break in the weather. Experts say the drought in the central U.S. is the worst since at least 2012, and in some areas, is drawing comparisons to the 1988 drought that devastated corn, wheat and soybean crops. This year, although temperatures have been generally mild through the spring and early days of summer, rainfall has been sorely lacking. The U.S. Drought Monitor, operated by the federal government and the National Drought Mitigation Center at the University of Nebraska-Lincoln, reports that nearly half of Kansas is in either extreme or exceptional drought condition — the highest drought designation. More than a quarter of Nebraska is in extreme drought, and 13% is in exceptional drought. Arid conditions permeate Minnesota, Iowa, Wisconsin, Michigan, Indiana, Missouri and Kentucky. The frequency and intensity of droughts and rainfall are increasing due to burning fossil fuels and other human activity that releases greenhouse gases, according to data from a pair of satellites used to measure changes in Earth’s water storage. The study was published in March in the journal Nature Water. Adam Hartman, a meteorologist at the National Oceanic and Atmospheric Administration’s Climate Prediction Center, said some parts of the central U.S. have been experiencing extreme drought since the winter. In other states, “flash droughts” have popped up over the past 2-3 months. “As a result you’ve see drastic losses in topsoil, subsoil moisture,” Hartman said. “We’ve seen ground water levels start to lower as well. We’ve seen stream flows start to decline.” Crops are feeling the impact. The U.S. Department of Agriculture now rates only half of the U.S. corn crop as good or excellent — the lowest percentage since 1988. Nearly two-thirds of the nation’s corn-growing areas are in drought. “That gives us some indicator that we’re seeing widespread stress on those crops throughout the Corn Belt,” said Krista Swanson, an economist for the National Corn Growers Association. If rains don't arrive soon, Swanson believes total yield could be down about 1 billion bushels from the original projection of 16.7 billion bushels. That won’t necessarily mean higher costs for consumers because much of the corn is used for feed, ethanol or is exported, Swanson said. The real impact is on the farmers. “Their cost-per-acre is the same regardless of what they produce,” Swanson said. “In these years where we have lower production, on the farmer side that’s a challenge.” Water levels are dipping in rivers. The Mississippi River — especially from southern Illinois to the south — is extremely low in many spots. It was just last fall that the river reached or neared record low-water marks in several places, only to bounce back to flood levels in the spring, before the latest drought-fueled decline. Lynn Muench, a senior vice president for the American Waterways Operators, which advocates for the tugboat, towboat and barge industry, said barge capacity is being voluntarily reduced on parts of the Mississippi River. Losing capacity is a financial setback but operators are taking it in stride, Muench said. “We’re a flexible and resilient industry so we’ll keep going,” he said. Colin Wellenkamp, executive director of the Mississippi River Cities and Towns Initiative, said many communities are on edge. The drought last fall cost river communities billions of dollars in losses due to increased energy and water purification costs, lost tourism revenue, commodity losses and other hits. “Now we’re right back into drought again,” Wellenkamp said. So far, impact has been minimal, “but if we don’t get relief in July, that’s all going to change,” he said. On Shane's 200-acre farm, corn should be standing 10 feet tall by now. It's barely to his waist. The leaves are yellowed and Shane isn't certain the ears of corn are even developing. “If that's the case, it's worthless,” he said. But farmers aren't giving up hope. Swanson said the El Nino weather pattern that has taken hold typically means more rain and better growing conditions in the central U.S. “We could see more favorable weather over the next two months, which could have a positive impact,” she said. But even with El Nino, Hartman noted that the seasonal outlook for the summer months projects below-normal rainfall. “This drought could stick around for a little bit,” Hartman said.
PEPPERSTONE:CORNLong
by JSAL
Can Corn Conquer Climate Change?The global food system is under siege from the escalating climate crisis, and corn, a pivotal commodity, is facing a particularly formidable challenge. Rising temperatures, erratic rainfall patterns, and the increased prevalence of pests and diseases are all conspiring to undermine corn production. This article delves into the intricate relationship between corn and climate change, examining the potential consequences for food security, economic stability, and social well-being. Beyond the immediate threats posed by climate change, the impacts on corn production can have far-reaching consequences. Reduced yields can lead to price volatility, making it difficult for low-income households to afford basic food staples. This can contribute to food insecurity and malnutrition, particularly in vulnerable populations. Moreover, corn production is a major source of income for many farmers, especially in developing countries. Climate change-induced crop failures can have devastating consequences for rural livelihoods and economic stability. However, the challenges are not insurmountable. By adopting sustainable agricultural practices, investing in climate-resilient crop varieties, and fostering global cooperation, we can safeguard the future of corn and ensure a more sustainable and equitable food system for generations to come. Climate-smart agriculture, which includes practices like crop rotation, cover cropping, and precision agriculture, can improve soil health, reduce water use, and enhance resilience to climate change. Additionally, breeding for resilience can develop corn varieties that are more tolerant to heat, drought, and pests. Furthermore, promoting crop diversification can help reduce the risk of crop failures and ensure food security even in the face of climate-related challenges. Governments can also play a crucial role in supporting farmers by providing financial assistance, access to climate information, and investments in agricultural research and development. In conclusion, the future of corn is inextricably linked to our ability to adapt to a changing climate. By embracing sustainable practices, investing in innovation, and fostering global cooperation, we can ensure that corn continues to play a vital role in feeding the world. It's a call to action, a challenge to rethink our approach to agriculture, and a reminder that the future of food is in our hands.
CBOT:ZC1!Long
by signalmastermind
BTC $38-$40k low before macro upsideSorry to break it to y'all, but the BTC chop isn't finished yet. I expect a drop to around the $40ks which coincides with the Nov 22 low from a momentum perspective, unlocking another 10 months of upside like we previously experienced. CAPITALCOM:US500 is the main cause of this, which will cause another capitulation event before assets break correlation and boom. Timeframe can be forecasted using the resistance fan lines. I am a MAXI so trust the analysis, I want $300k+ just as much as you all do. Kappa.
BITSTAMP:BTCUSDShort
by JamesSpindler
Momentum Trading In Agricultural CommoditiesMomentum trading, a strategy as old as the markets themselves, has found fertile ground in the sprawling fields of agricultural commodities. As the seasons change, so do the prices of wheat, corn, soybeans, and other staples, tracing patterns as predictable as the migration of birds or the spring blossom. This paper delves into these seasonal trends, uncovering how they can serve as reliable signals for astute investors looking to harness the power of momentum trading. SEASONAL TRENDS IN AGRICULTURAL COMMODITIES Mint Finance has previously highlighted some of these seasonal trends in Corn and Soybean in detail previously In short, seasonal cycles in crop performance are linked to crop harvest cycles. Pre-harvest, inventory drawdowns tend to drive price higher while post-harvest, a glut of inventory tends to drive prices lower. Corn Corn prices start declining in June following the harvest in China (second largest corn producer) and Brazil (third largest corn producer). Prices reach their lowest in October, coinciding with the harvest in the US. Over the past five years, corn prices have increased in the first half of the year before declining sharply in late June. In 2024, indexed price performance shows prices sharply lagging the seasonal trend as we approach the date on which prices generally declined the last five years. Wheat Wheat seasonality is less pronounced than other agri-commodities due to its relatively global distribution. Still, wheat prices generally rise during the first part of the year before declining in late June as all the major producers - China, Indian, EU, Russia, and US harvest crops during this period. This year, wheat prices started the year off on a bearish note. After bottoming in early-March, prices started to rise sharply peaking in late-May. Mint Finance covered some of the factors behind this rally in a previous paper (Extreme Weather Sends Wheat Prices Surging). Prices have started to normalize in June, a few weeks before the seasonal price decline generally begins. Soybean Soybean prices generally rise during the first part of the year. In late-June, as the Brazil harvest reaches its peak, prices decline sharply. Prices remain subdued until September when the US crop is harvested. This year, prices have sharply lagged their seasonal performance. Despite the rally in early-May driven by flooding in Brazil, prices remain lower than their level at the start of 2024. Moreover, the rally following the flood-driven rally has retraced a few weeks before the seasonal price decline generally takes place. MOMENTUM TRADING IN AGRICULUTAL COMMODITIES Investors can execute momentum trading strategies by leveraging these seasonal trends. In this context, momentum trading strategy refers to a relatively simple trading strategy where investors either buy or sell a futures contract at the start of the month based on the seasonal price performance during that month. For instance, if seasonal trends show that June generally results in a price decline, the strategy would consist of going short on the commodity at the start of June and closing the position at the end of the month. Although, at face value, this strategy may seem overly simplistic, its return and accuracy are surprisingly high. The simulations are based on a position in the front-month futures, consisting of one contract of the agricultural commodity, opened at the beginning of the month and closed at the end. Corn For Corn, running the momentum trading strategy would have yielded average annual returns of USD 8,500 per year over the past five years (2019-2023). Crucially, performance of this strategy in 2024 is sharply lower as it would yield total PnL of just USD 63 this year. Wheat Similarly, for wheat, this strategy returned an average PnL of 4,650 per year during 2019-2023. So far in 2024, this strategy would have yielded USD 6,600 in wheat futures in 2024. Soybean In Soybean futures, momentum trading would have been the most successful over the past five years. This strategy would have yielded an average of USD 13,600 per year between 2019 and 2023. However, in 2024, this strategy would not have been successful as it would have resulted in a loss of USD 8,700 so far. SUMMARY AND 2024 PERFORMANCE It is clear that although this strategy is successful on a long timeframe, it is not necessarily profitable each month. For instance, the Soybean momentum trading strategy would have resulted in a loss in 2024 while Corn momentum trading strategy would have resulted in flat returns. The reason behind this divergence from seasonal trend is clear when comparing the seasonal price performance charts at the start of the paper. Fundamental factors can result in broad-based trends throughout the year which can skew returns. For instance, as Soybean prices have been declining for most of 2024, a long position would have resulted in a loss regardless of seasonal trends. As such, it is crucial to supplement this strategy using fundamental inputs on what the long-term price trend for the crop is. For a crop which is in a down-cycle, a long position would not make sense and vice versa. In the near-term, all three crop’s prices tend to decline during July based on seasonal trends. However, the outlook for corn is most bearish. The latest WASDE report , suggested that USDA expects global corn production in marketing year 2024-2025 to reach 1,220.5 million metric tons compared to a forecast of 1,219.93 million MT last month. The increase in production comes from forecast for higher output from Ukraine and Zambia more than offsetting the decline in Russia. Moreover, USDA forecasts a season average price of USD 4.4 per bushel which is lower than the current futures price of USD 4.57. Asset managers are also shifting their view on corn prices bearish once again as COT report showed asset managers increasing net short positioning last week. Both fundamental and seasonal factors support a price decline in corn over the next month. However, seasonal trends are not exact. Particularly in 2024, seasonal trends have underperformed their usual returns from the last five years. Investors can opt to use options instead of futures to express the same view of weakening prices. Options provide fixed downside risk and require only an upfront premium, avoiding the need to manage margins as futures prices fluctuate. A long put position in CME corn options expiring on August 23 (ZCU24) can be used to gain downside exposure. CME Corn puts are relatively cheaper compared to calls. Moreover, options IV (measured by the CVOL index) is lower compared to the peaks seen during the same time last year. An options position would benefit from both falling prices and rising IV. Source: CVOL A long put options position on corn futures presents fixed downside of USD 464 (USc 9.29 x 5000/100) and unlimited upside. A strike price of USc 430/bushel represents delta of -0.29. This position would break-even at USc 420/bushel. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CBOT:ZC1!Short
by mintdotfinance
Corn ,bias to the downside...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias should be still shorting it.But take note of the 440 zone. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
CShort
by Shadowing_The_Big_Boys
Corn,Price actions didnt hold up last week..Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Turning bearish on this one..wheat could be as well..it seems like trying to push lower with the toppish pattern that you are seeing on h4... Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
CShort
by Shadowing_The_Big_Boys
Corn and Wheat to look for long...why?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Why? will share my thoughts in my trading analysis this week. Technical wise yes,part of it. Do check it out ;) Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
CLong
by Shadowing_The_Big_Boys
Inflation & Agricultural Prices - On the Rise Again Inflation is expected to rise again because the prices of staples such as wheat, rice, corn, and soybean meal have been increasing over the last two months. Additionally, we've seen a 20% increase in soybean meal prices since the low in February. Chicago SRW Wheat Futures & Options Ticker: ZW Minimum fluctuation: 1/4 of one cent (0.0025) per bushel = $12.50 Soybean Meal Futures & Options Ticker: ZM Minimum fluctuation: 0.10 per short ton = $10.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT:ZW1!Long
by konhow
7
Corn Futures:Evaluating Seasonal Trends Amidst Market VolatilityAs April unfolds, investors and traders in the corn futures market find themselves at a critical juncture marked by seasonal trends and heightened volatility. Historically, April has been a period of growth in corn prices, driven by various factors including planting intentions, weather conditions, and demand patterns. However, the current landscape presents a complex picture influenced by a myriad of geopolitical, climatic, and logistical disruptions. While the overall corn production from key sources such as the US, Brazil, Argentina, and Ukraine has remained relatively stable, the market has experienced significant turbulence. Geopolitical conflicts, including trade disputes and tensions in key producing regions, have added layers of uncertainty, impacting supply chains and trade dynamics. Severe weather events, ranging from droughts to floods, have disrupted planting schedules and crop yields, further exacerbating market volatility. Additionally, transport issues, including congestion at ports and logistical bottlenecks, have contributed to fluctuations in day-to-day prices and overall market sentiment. Amidst this backdrop, market participants are actively seeking long setups, anticipating a potential upswing in corn prices. Historical data indicating seasonal strength in April provides a compelling rationale for such positions. Moreover, underlying factors such as resilient demand from sectors including animal feed, ethanol production, and food processing continue to support a bullish outlook for corn. However, navigating the corn futures market requires careful consideration of both macroeconomic factors and micro-level dynamics. Traders must remain vigilant in monitoring weather forecasts, geopolitical developments, and supply chain disruptions for timely decision-making. Additionally, leveraging technical analysis tools and risk management strategies can help mitigate the impact of market volatility and optimize trading opportunities. In conclusion, while April historically heralds a period of price growth in corn futures, the current environment characterized by heightened volatility necessitates a nuanced approach to trading. By combining an understanding of seasonal trends with a comprehensive assessment of market fundamentals and risk factors, traders can position themselves to capitalize on potential opportunities while managing inherent uncertainties.
CBOT:ZC1!Long
by FOREXN1
1
Corn broke the upper side of the rangeEASYMARKETS:CRNUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:CRNUSD
by easyMarkets
Can Corn Futures Stage a Spring Rally?We've shifted our focus to the July futures contracts as the volume starts to increase there and decrease in May futures. May options expiration is this Friday, which means first notice day is next week. If you're in May futures, you may consider exiting or rolling those positions. Corn Technicals (July) July corn futures have traded on both sides of unchanged as we start a new week of trade. The fact that the Bulls were able to defend support late last week is a silver lining for the Bull camp, but upside expectations are likely tempered as it continues to be a mostly sideways trade over the last month. The sideways trade isn't a great environment for the perma-bull or perma-bear, but it's great for shorter term traders, on both sides of the market. Bias: Bullish/Neutral Resistance: 441 3/4-444 1/2***, 449 1/2-451**** Pivot: 431 1/2-435 Support: 433 1/4-436****, 422 1/4-424 1/4*** Fund Positioning Friday’s Commitment of Traders report showed that Funds were net sellers of about 16k contracts (through 4/16/24), that puts their net short position at 279,570. Broken down that is 161,576 longs VS 441,146 shorts. Seasonal Trends (Past performance is not necessarily indicative of future results) Check out this link to review the chart. bluelinefutures.com Below is a look at price averages for December corn, using the 5, 10, 15, 20, and 30 year averages. We update this each Monday. If you'd like to look at different contract months, spreads, etc, let us know and we can send those charts to you. Check out Blue Line Futures bluelinefutures.com 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
CBOT:ZCN2024
by Blue_Line_Futures
Corn recouping early week loses and setting up a test of 3-star.Corn Technicals (May) May corn futures tested the low end of the range in yesterday's trade and have so far been able to defend it, with prices working back higher in the overnight and early morning trade. We still like the risk reward trade to the buy side from the low end of the range. A break and close support would neutralize that bias as it could put the Bears back in complete control of the technical landscape. Bias: Bullish/Neutral Resistance: 441 3/4-444 1/2***, 447 1/2-450**** Pivot: 431 1/2-435 Support: 421-422*** Fund Positioning Friday’s Commitment of Traders report showed that Funds were net sellers of about 4k contracts (through 4/9/24), that puts their net short position at 263,554. Broken down, that is 158,480 longs VS 422,034 shorts. Seasonal Trends (Past performance is not necessarily indicative of future results) Below is a look at price averages for December corn, using the 5, 10, 15, 20, and 30 year averages. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. 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.
CBOT:ZCK2024
by Blue_Line_Futures
A Stick In The MudCorn Technicals (May) What more is there to say about the corn market that hasn’t been said already? The market remains range bound with daily ranges shrinking as of late, reminiscent of watching paint dry. The CME CVOL index which measures volatility remains near the low end of the years range. Typically, we start to see that increase this time of year, but perhaps we need to get the May contract into delivery to liven things up. On that same topic, trade volume is starting to shift out from the May contract to July, with first notice day just under two-weeks away. Bias: Bullish/Neutral Resistance: 441 3/4-444 1/2, 447 1/2-450* Pivot: 431 1/2-435 Support: 421-422*** Fund Positioning Friday’s Commitment of Traders report showed that Funds were net sellers of about 4k contracts (through 4/9/24), that puts their net short position at 263,554. Broken down that is 158,480 longs VS 422,034 shorts. Seasonal Trends (Past performance is not necessarily indicative of future results) Below is a look at price averages for December corn, using the 5, 10, 15, 20, and 30 year averages. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. 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. 
CBOT:ZC1!
by Blue_Line_Futures