Bean option recap

“Corn planted came in on the low side and weather forecasts diverged otherwise corn would have continued the selloff.  Overall,  markets were slightly firm on a turnaround Tuesday bounce but it wasn’t very impressive.  We still stand to see record crops barring an unforeseen weather event.  Bean vol eased off of yesterday’s mild pop.

FIA Sold 200 Nov 1100 Straddles 158

ADM Bot 200 June 1370 Straddles 45

Bunge Bot 200 jul 1250Puts 4.5

Man Sold 200 nov 1100 straddles 154.5

Fimat Bot 1000 Sep 1100/1200 Call spds 76.25 db

Fimat Sold 1000 Mch 1000/1100 Call spds 79.5 credit

Rosenthal bot 250 Aug 1320 Straddles/ Sold 250 Jul 1380 straddles 30 db

Mizuho Bot 600 Nov 1140/1000 Put spds/ Sold 600 Nov 1400 Calls 14 db

FIA Bot 350 Jul 1380 Straddles 72.5

Straddles> June 1380  43-44.5/ July 1380 71.5-73/ Nov 1200 131.5-133

VOLS> June 18 down .5/ July 18.5 down .5/ Nov 20 down .5

 

Jon Karmin and Jeff Pogonitz Brokerage