From The Floor-An Afternoon Recap

News

  • Today was the last day of the Pro Farmer Midwest crop tour. Results from today
    • East central Iowa average soybean pod count at 661 pods vs. 1,079 pods a year ago and vs. 1,189 pods 3 year average
    • East central Iowa average corn yield at 170 BPA vs. 140 BPA a year ago and vs. 3 year average of 161.0 BPA
    • Southern Minnesota average corn yield at 177.3 BPA vs. 146-158 BPA a year ago and vs. 167-174 BPA 3 year average
    • Southern Minnesota average soybean pod count at 975 pods vs. 900-920 pods a year ago and vs. 1,050-1,100 pods 3 year average
  • Argentine Ag Min estimated Argentina’s ‘13/14 wheat area at 3.9 MH vs. previous estimate of 4.0 MH
  • Argentine Ag Min estimated Argentina’s ‘12/13 bean crop at 49.4 MMT unchanged from previous estimate
  • Argentine Ag Min estimated Argentina’s ‘12/13 corn crop at 32.1 MMT unchanged from previous estimate
  • Indonesia bought 1.4 MMT of South American corn for Sept-Nov shipment
  • Indonesia bought 109,000 tons of Ukrainian corn for Dec shipment
  • Arvalis estimated France 2013 corn crop at 14.8 MMT unchanged from previous estimate and vs. 2012 crop of 15.6 MMT
  • Jordan bought 100K tons of optional origin barley for April shipment
  • German and UK second quarter GDP comes out tomorrow
  • Tomorrow is the last day of the international grains conference in Australia
  • September options expire tomorrow on the close 115 pm CDT
  • Final results from the Pro Farmer Crop Tour comes out tomorrow at 130 pm CDT
  • Weekly COT report comes out tomorrow at 230 pm CDT
  • Open outcry option players
    • Macquarie sold 1,000 Nov bean 1180 puts at 11 ½
    • Rand bought 1,000 Nov bean 1240 puts at 23 ¾ and bought 220 Nov futures at 1304
    • Rand bought 3,500 Nov bean 1250 puts at 27-27 ½ and bought 1,120 Nov bean futures at 1298
    • Rand bought 500 Nov bean 1250 puts at 28 ¾-29 outright.
    • Rand bought 500 Nov bean 1260 puts at 30 and bought 170 Nov futures at 1304
    • Rand bought 1,000 Nov bean 1270 puts at 33 ¾ -34 ¾  and bought 370 Nov futures at 1304
    • Rand bought 1,500 Nov bean 1280 puts at 38 ½ and bought 600 Nov at 1304
    • FI sold 4,300 Dec corn 450p/500c strangles at 32-32 ½ and sold 164 Dec futures at 478
    • Tenco sold 1,000 Sept corn 500 puts at 5 ¾-6 ¼
    • Rand bought 2,000 Oct corn 460 puts at 7 ¾ -8
    • Tenco bought 2,000 Oct corn 460 puts at 8 and bought 700 Dec corn futures at 476 ¾
    • Tenco bought 2,000 Dec corn 450 puts at 14 3/8 -14 ½ and bought 670 Dec corn futures at 472
    • Rosenthal sold 1,000 Dec corn 460 calls at 27 7/8
    • Rosenthal sold 1,000 Dec corn 470 calls at 22 7/8
    • FI bought 3,000 Oct corn 450/410 put spreads at 6 ¾ and bought 840 Dec futures at 468
    • Tenco bought 500 Dec wheat 690 calls at 14 tied to futures at 645
    • ABN bought 500 Dec wheat 600 puts sold 500 Dec wheat 700 calls at 2 ¼ debit
    • JP Morgan sold 1,500 Dec meal 430 calls at 10.75 and bought 495 Dec meal futures at 405.00
    • JP Morgan sold 900 Dec meal 430 calls at 9.75 and bought 288 Dec meal futures at 405.00
    • Bunge bought 1,100 Dec meal 380 puts at 10.50

 

Estimated Fund Activity

  • Wheat sold 3K
  • Corn sold 14K
  • Beans sold 7K
  • Meal sold 3K
  • Bean oil sold 3K

 

Closing vols and ATM straddles

 

Corn

U vol 32 ½ 460 str 9-11

V vol 28 ¾ 460 str 29 ½-31

X vol 27 ¾ 460 str 42-43 ½

Z vol 26 460 str 47 ½-48 ½

H vol 24 ¼ 480 str 63 ½-65 ½

 

Beans

V vol 22 ¾ 1300 str 67-69

X vol 21 ¾ 1300 str 93-95

F vol 20 1300 str 118 ½-120 ½

 

Wheat

U 630 str 7-10

V vol 21 ½ 640 str 31-32

Z vol 22 640 str 56-57

H vol 22 650 str 80-82

K vol 22 ½ 660 str 96-99

N vol 23 660 str 107-110

 

KC Wheat

U 690 str 8-10

V vol 20 ½ 690 str 32-34

Z vol 20 ¾ 690 str 56-58

H vol 20 ¾ 700 str 81-84

 

Minneapolis wheat

U vol 19 720 str 4-9

Z vol 18 730 str 50-56

H vol 18 ¾ 740 str 72-81

 

Meal

U vol 36 410 str 8-12

V vol 27.75 400 str 26-28

Z vol 25 400 str 40.5-42.5

F vol 23.5 400 str 45-47

H vol 22.5 390 str 47.5-51

K vol 21.5 380 str 50.50-54.50

 

Bean oil

U vol 18.5 4250 str 30-55

V vol 17.5 4250 str 160-180

Z vol 16.75 43 str 280-290

F vol 16.5 43 str 315-345

H vol 16 43 str 370-400

K vol 16 4350 str 425-465

 

Crush quotes

 

OPEN           CLOSE

SEP           63-67.5        54-59

OCT          67.5-69         66-67

DEC          66.5-67         64-64.5

JAN          64.5-65.5      63-64

MCH        67-68.5          67-67.5

MAY        69-70              68.5-69.5

JLY            69-70              68-69

DEC 14    74.5-75           73.5-74.5

 

Crush players

 

ADM sold 100 UZZ at 30

 

Knight sold 50 XUU at 1.00

 

Oil Share Player

 

ABN bought Jan 25 oil/18 meal at 34.80%

 

 

Thank you,

 

Kate Rosenberg