Headlines

Three of U.S. President Donald Trump’s top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world’s two largest economies that has kept global markets on edge.

Agricultural markets were supported last week on trade optimism after Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions in a rare leader-to-leader call.

On the weather front, rains helped improve soil moisture in parts of the U.S. Southern Plains and the Midwest, according to forecaster Vaisala.

But dryness lingers in north central Kansas, southeastern Nebraska, Iowa, southern Minnesota, northern Illinois, northern Indiana and western Ohio, according to the forecaster. That dryness could stress germination and early growth of corn and soybeans.

Ratings for French wheat and barley crops edged lower in the week to June 2, extending a decline in the past month as a dry spring has left northerly regions parched, data from farm office FranceAgriMer showed on Friday.

Ukraine’s grain exports in the 2025/26 July-June season are expected to fall to 35 million metric tons in the worst scenario against a forecast of 40 million tons in 2024/25, following a lower harvest, its first deputy agriculture minister Taras Vysotskiy told Reuters on Friday.

Corn

Friday’s Recap
For the fourth consecutive session, Corn futures finished higher, with the July contract settling Friday at 442’4, up 3’0. Across all maturities, a heavy 548,738 contracts were traded, with 229,798 done in the July maturity. Overall open interest dropped 12,920, or 0.78%, to 1,640,337. July fell 32,843 (5.46%), finishing at 569,163.

Technicals
July corn futures had a nice move higher on Friday but that firm trade has so far failed to materialize any meaningful follow-through with last week’s highs and the 20-day moving average acting as first resistance from 448 1/4-451. Of the Bulls can achieve consecutive closes back above this pocket, a move back towards 463 1/4-465 1/4 would be the next upside target. On the flipside, a break and close below last week’s low and a retest of the August contract lows could be in order, 421 3/4.

Technical Levels of Importance
Resistance: 463 1/4-465 1/4***
Pivot: 448 3/4-451
Support: 433 1/4-437****

Popular Options
Option trading centered around the July 450 calls with 7,060 done and the Dec 370 puts with volume of 1,813. Options with the greatest open interest are the Sep 500 call with 40,319, and the Dec 400 put with 25,217.

Volatility Update

Corn implied volatility ended the session up as CVL rose by 0.71 to close the day at 25.80, a one week high. The 30-day historical volatility closed the session unchanged for the day nan% to nan%. The CVL Skew closed the session moderately higher, gaining 0.48 to finish the day at a one month high of 4.73.

Seasonal Tendencies Update
(Updated on 6.9.25)

Below is a look at historical price averages for December corn futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).

Commitment of Traders Update
Friday’s Commitment of Traders report showed Funds were net sellers of 53k futures and options contracts through June 3rd. This is the largest net short since September.

Check out the Charts to this Article Here: https://bluelinefutures.com/2025/06/09/a-quiet-grain-trade-to-start-the-week/

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

Performance Disclaimer

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.