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Category: Grain Futures

Different grains are traded on the Index, as commodities. Wheat, corn, soybeans, canola and soybean meal are just a few examples. They can be either a short-hedge or a long-hedge. One of the most traded grain futures is corn.

Basically, buying or selling these forms of futures enables the buyers and sellers to lock in prices of the specified grain today for the items that are to be delivered in the future. Therefore, all those who are interested in grains futures must track the performance of the grain on the demand and supply graph as well as its performance on the index. Though it is not tough to understand grains futures, the calculation of risk and returns is something that an average person may leave for an expert to do.

We at Cannon Trading are there to help you to not just understand the markets well, but to act as your personal advisors when it comes to trading futures. And, that’s something that applies for grain futures as well. However, information and awareness come before anything else. That is why, we want you to read through all of these blogs and articles carefully before you decide whether you want to trade grain futures or not.

The Week Ahead – FOMC rate decision, September contract rollover (U26), the short option straddle strategy used in Cannon Trading’s AIM program PLUS: Crypto Cup – $50,000 Total Prizes!! Futures 102 – The Daily Briefing – What the Pros Know Before Trading, November Soybeans Chart & Outlook, CannonEdge Snapshot, Levels, Reports; Your 9 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of June 15th, 2026

Posted on June 12, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1293

The Week Ahead – Next week features the FOMC rate decision, September contract rollover (U26), and a look at the short option straddle strategy used in Cannon Trading’s AIM program.
Crypto Cup – $50,000 Total Prizes!!
Futures 102 – The Daily Briefing – What The Pros Know Before Trading
November Soybeans Chart & Outlook
Cannon Edge – Your Futures trading Map for the week ahead!
Trading Levels for Next Week
Trading Reports for Next Week

At A Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Aug (#GC)	4153.70	4193.00	4230.40	4269.70	4307.10
Silver (SI) — July. (#SI)	65.00	66.51	67.48	68.99	69.96
Crude Oil (CL) — July. (#CL)	80.90	82.64	84.93	86.67	88.96
Sept. Bonds (ZB) — Sept. (#ZB)	111 18/32	111 31/32	112 16/32	112 29/32	113 14/32

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

The Week Ahead

fomc

The key futures market news for next week focuses on FOMC rate decision, followed by Fed Chair Kevin Warsh’s first press conference 30 minutes later. It’s Equity Index Rollover Monday! September=U26 is the front month! Begin trading the U26 contracts. It is the next month and year designation.

Here is a quick Youtube Video on how to change your contract on CannonX (cqg StoneX) https://www.youtube.com/watch?v=AzeOgBa5HwA .

Additionally, due to the national Juneteenth Holiday next week falling on a Friday, The June quarterly expiration will fall on Thursday this month. Some markets will have abbreviated hours June 19^th, look for our holiday schedule.

In last week’s newsletter, we provided you with definitions and examples of Long Option Straddles, Today I want to show you the Short Option straddle, this is a technique we use in a relatively new trading program we are offering called “AIM” Always in the Market.

The option strategy compliments futures contracts in Micro Crude oil, Micro E-mini Nasdaq, Micro E-mini S&P 500 and the U.S. 30 yr bond contract using a swing trading protocol. Please contact your broker, if you are a current client or call us to learn more about this opportunity.

Options Workshop 202:

A short volatility option Structure:

A futures option short straddle is an options strategy where you sell (write) both a call option and a put option on the same futures contract, with:

The same strike price
The same expiration date

You collect premiums from both options upfront and profit if the underlying futures price stays close to the strike price until expiration.

Example

Suppose a Crude Oil Futures contract is trading at $70.

You sell:

1 call option with a $70 strike
1 put option with a $70 strike

Assume you receive:

$1.50 for the call

$1.20 for the put

Total premium collected = $2.70

Profit and Loss

Maximum Profit

Your maximum profit is the total premium received:

$2.70 per unit

This occurs if the futures price is exactly at the strike price ($70) at expiration, causing both options to expire worthless.

Break-even Points

Upper break-even: $70 + $2.70 = $72.70
Lower break-even: $70 − $2.70 = $67.30

Loss Potential

Losses occur if the futures price moves significantly above or below the strike.

Examples:

If futures settle at $80, the short call loses about $10, partially offset by the $2.70 premium.
If futures settle at $60, the short put loses about $10, partially offset by the premium.

The downside and upside losses can be very large, making this a high-risk strategy.

Why Traders Use It

A short straddle is typically used when a trader believes:

Volatility is overpriced.
The futures market will remain relatively stable.
Actual price movement will be smaller than what option prices imply.

In other words, it’s generally a short-volatility trade.

Futures Options vs. Stock Options

With futures options:

The underlying asset is a futures contract rather than a stock.
If exercised, the option generally creates a futures position.
Margin requirements and risk management differ from stock options.

Risk Profile

Profit

Max Profit = Premium Collected

| /\

| / \

–+—-/——\—————-> Futures Price

BE BE

| Unlimited loss potential

A short straddle is considered an advanced strategy because it involves selling volatility with potentially large losses if the futures market makes a strong move in either direction.

Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?

The energy and metals are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

Plan your trade and trade your plan!

Earnings Next Week:

· Mon. Quiet

· Tue. La-Z-Boy

· Wed. Jabil Circuit, Carmax

· Thu. Kroger, Methode Electronics

· Fri. Quiet

FED SPEECHES: (all times CDT)

· Mon. Quiet

· Tues. 8 day blackout period

· Wed. Fed Chair Kevin Warsh’s first Public FOMC Press Conference

· Thu. Quiet

· Fri. Quiet

Econ Data:

· Mon. Empire State Manufacturing Index, Industrial Production, Capacity Utilization, NAHB Housing Index,

· Tue. Building Permits, Housing Starts, NY Fed Svcs., Redbook,

· API Crude Stock Change

· Wed. Retail Sales, Business Inventories, Pending Home Sales, EIA Crude stock Change, Fed. Rate Decision, Economic Projections

· Thu. Initial Jobless claims, Philly Fed., CB Leading Index, EIA Nat Gas Stocks, Baker Hughes Oil Rig Count

· Fri. Juneteenth, therefor no U.S. Data releases.

Get a daily market edge—support & resistance levels plus key market-moving insights.

Yes

As a Cannon Trading client OR prospect, you’re invited to compete in the Great Summer Escape Trading Competition featuring Coinbase Derivatives futures contracts!

From June 22 – July 2, trade in a simulated environment and compete for your share of $50,000 in prizes.

Contracts include:

· Ethereum: Ether, nano Ether, nano Ether Perp-Style

· Bitcoin: Bitcoin, nano Bitcoin, nano Bitcoin Perp-Style

· Solana: Solana, nano Solana, nano Solana Perp-Style

· XRP: XRP, nano XRP, nano XRP Perp-Style

Sign Up Now!

Futures 102: The Daily Briefing by Cannon

Every morning, the world’s biggest banks and macro strategists publish where markets are headed. The rest of the world waits for the headline.

That intelligence stays locked inside trading desks, institutional terminals, and private client portals — accessible only to the few who pay for the privilege, and even they only get what they pay for.

This briefing changes that ( 100% FREE on Cannon’s website!!). Every morning we scour the open web and aggregate everything that matters — pulling from publicly available sources so you never have to — and distill it into one clear, readable edition you can get through before your first coffee is finished.

No terminals. No subscriptions. No private portals. Just everything the market is saying, gathered in one place, every morning before the bell.

Read the Latest Briefing HERE and make sure to Bookmark this page!

November Soybeans

November beans completed the first downside PriceCount objective and is correcting with a near term consolidation. If the chart can resume its break with new sustainable lows, the second count would project a possible slide to the $11.05 area.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for June 15th 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Would you like to get weekly updates on real-time, results of systems mentioned above?

Yes

Daily Levels for June 15th 2026

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

Find us on Trustpilot

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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