From The Floor-An Afternoon Recap

News

  • Canada government said most of Saskatchewan grain crops are in fair to excellent condition
  • Alberta , Canada total grain crop ratings – 84.9% good to excellent vs. 5 year average of 66.3% Including spring wheat 86.2% good to excellent, durum 87.5% good to excellent, barley 84% good to excellent, oats 87.9% good to excellent, and canola 83.1% good to excellent
  • Morocco seeks 16K local barley
  • India’s Ag Min planting progress between June 1-July 4th
    • Rice crop planted on 6.92 MH vs. 5.68 MH a year ago and vs. average of 6.18 MH
    • Cereals crop planted on 6.55 MH vs. 2.30 MH a year ago and vs. the average of 4.72 MH
    • Oilseed crop planted on 11.03 MH vs. 2.65 MH a year ago and vs. the average of 2.75 MH
    • Soybean crop planted on 8.32 MH vs. 1.90 MH a year ago and vs. the average of 1.28 MH
    • Cotton crop planted on 8.17 MH vs. 4.66 MH a year ago and vs. the average of 4.43 MH
  • July Nov bean spread made a new high of 360 today
  • July Dec meal spread made a new high of 131.60 today
  • Dec corn fell to a 2 ½ year low today. Dec corn settled at 491 ¼ the low of the day was 489 ½ . Dec corn made a new low on the modify today . Dec corn traded down to 489 ½ on the post.  The low on the electronic platform was 491.
  • Weekly COT report comes out today at 230 pm CDT
  • Eurozone finance ministers meet on Monday in Brussels
  • Weekly US export inspections come out on Monday at 10 am CDT
  • Weekly US crop progress report comes out on Monday at 3 pm CDT
  • Chinese economic data comes out on Monday night/Tuesday morning
  • On Wednesday FOMC will release the minutes from the June 18-19 meeting
  • Open outcry option players
    • Tenco bought 500 Nov bean 1400 calls at 10 5/8
    • RJO sold 500 Nov bean 1200 puts at 36-40
    • New Edge bought 700 Nov bean 1300/1340 call spreads at 9 ½-10
    • RCG sold 1,500 Dec corn 550/540 put spreads at 7 ½
    • Deutsche Bank bought 2,000 Dec corn 500 puts at 31 7/8 and bought 960 Dec futures at 504
    • FI bought 1,000 short dated Sept corn 480 puts at 12 ¼ and bought 350 Dec futures at 496 ¾
    • FI sold 1,500 short dated Sept corn 500 puts at 21 ¾ – 21 7/8
    • Rosenthal bought 1,500 Sept wheat 700 calls and sold 1,500 Sept corn 550 calls at even money
    • Cunningham bought 500 March wheat 650 puts sold 1,000 March wheat 600 puts at even money
    • JP Morgan sold 2,000 Sept wheat 690/710 call spreads at 5 bought 200 Sept futures at 664
    • JP Morgan bought 500 Oct meal 320 puts at 3.25
    • Mizuho sold 250 Dec oil 49 calls at 90

 

Estimated Fund Activity

  • Wheat sold 1K
  • Corn sold 5K
  • Beans sold 3K
  • Meal sold 2K
  • Bean oil bought 500

 

Closing vols and ATM straddles

 

Corn

Q vol 27 ½ 530 str 25 ½-27

U vol 27 ½ 530 str 42-43 ½

V vol 27 ¾ 500 str 49 ½-51

Z vol 27 ¼ 500 str 65 ½-67

H vol 26 ½ 510 str 84-86

K vol 25 ½ 520 str 93-95

 

Beans

Q vol 17 ¾ 1430 str 49-50 ½

U vol 20 1280 str 85-86

X vol 20 1220 str 109-110

F vol 19 ½ 1240 str 131-1

 

 

Wheat

Q vol 26 660 str 31-33

U vol 27 ¼ 660 str 51-53

Z vol 26 ½  670 str 85-87

H vol 25 ¾ 680 str 108-112

K vol 24 ¾ 690 str 119-123

N vol 23 ¾ 690 str 124-130

 

No Minneapolis wheat information today

 

KC wheat

Q vol 25 690 str 30-34

U vol 25 690 str 48-51

Z vol 25 710 str 85-89

 

Meal

Q vol 22.75 430 str 18-20

U vol 24.5 390 str 27.5-29.5

V vol 23.75 360 str 31-33

Z vol 23.75 360 str 41-43

F vol 22.75 360 str 44-48

H vol 21.5 360 str 48-52

 

Bean oil

Q vol 17 47 str 135-150

U vol 17.25 46.5 str 225-240

V vol 17 46.5 str 275-290

Z vol 17 46 str 360-385

F vol 16.75 46 str 400-430

H vol 16.75 46 str 465-500

 

Crush quotes

 

OPEN                    CLOSE

July        17a                         3-15

Aug        25-30                     29.5-30

Sep        85-87                     89-90

Oct         72-73.5                 70-71

Dec        64-65                     65-66

Jan         61.5-66                  59-60

Mch       61.5-66                 61-63

May       62-67                     62-65

Jly           62-67                     62-67

 

 

Crush Players

 

FI sold 100 Aug at 29

 

FI bought 100 Dec at 63

 

Thank you,

 

Kate Rosenberg