Corn Gains Ground

Corn
Tuesday’s Recap
Corn futures were mixed Tuesday with the Dec contract finishing the session at 440’0, higher by 2’0. Overall volume came in at a one month high of 578,011, with Dec seeing 120,926 done. Total open interest fell by 21,396 (1.31%) to 1,614,479. Dec increased by 6,082, or 1.21%, finishing at 506,973.
Technicals
Corn futures made new lows for the move in yesterday’s trade but sprang back to life to finish higher on the day, eating in to the prior day’s losses. That reversal has carried into overnight strength with prices holding firm above our pivot pocket. To reinvigorate the hopes of a more meaningful rally, the first hurdle for the Bulls to get out above comes in from 445 3/4-446. Keep in mind that we do have a WASDE report tomorrow at 11am CT.
Technical Levels of Importance
Resistance: 445 3/4-446***, 453-455**, 463 1/4-465 1/4***
Pivot: 433 1/4-437
Support: 421 3/4-427 1/2****
Popular Options
Option trading centered around the Dec 480 calls with 5,550 done and the Sep 400 puts with volume of 4,914. In July options, the highest volume call was in the 450 strike with 4,981 traded, and the 440 put leads with volume of 2,254. Option open interest is largest for the Sep 500 calls at 41,106, and the Dec 400 puts at 25,892.
Volatility Update
As measured by CVL, implied volatility closed moderately lower, off 0.75 to finish the session at 25.34. The 30-day historical volatility finished the session unchanged for the day nan% to nan%. The CVL Skew closed the day slightly lower, down 0.25 to end the session at 4.81.
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/2025/06/11/corn-gains-ground/
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