From The Floor-An Afternoon Recap

News

  • Ag Resource estimated 2013 US corn crop at 13.819 BB vs. previous estimate of 14.13 BB
  • Ag Resource estimated 2013 US corn yield at 155.0 BPA
  • Egypt supplies minister estimated Egypt’s ‘13/14 wheat imports at 5-5.5 MMT vs. average of 10.0 MMT
  • Egypt’s supply minister said Egypt has enough wheat supply through January
  • Jordan seeks 100K tons of optional origin wheat for March and May shipment
  • Tomorrow is first notice day for September futures. Expectations for deliveries tonight are
    • Beans 0 ( one analyst I speak to said there may be up to 50) . As of this morning there were 0 bean receipts registered
    • Corn 0-7. As of this morning there were 7 receipts registered
    • Wheat 100-500. As of this morning there were 256 receipts registered
    • Meal 0. As of this morning there were 0 receipts registered
    • Bean oil 1,000-3,000. As of this morning there were 8,657 receipts registered
  • Reuters poll on deliveries expectations are
    • Corn 0
    • Meal 0
    • Beans 0
    • Bean oil 1,000-3,000
    • Wheat mixed – some say less than 500 and others say above 1,000
    • KC wheat up to 800
    • Minneapolis wheat 0-250
  • Tomorrow is the end of the month
  • Weekly COT report comes out tomorrow at 230 pm CDT

 

Open outcry option players

 

Corn:

RJO sold 3000 V 480 puts

ADM bot 1500 V 450 puts

Bunge sold 1000 X 530 calls

ABN sold 1000 Z 450 puts/sold 300 CZ

Bache bot 700 Z 460 straddles

Macquarie sold 500 Z 470 puts/sold 200 CZ

JPM bot 400 week 2 490-510 call spreads

 

Beans:

Mizuho bot 1500 H 1160 puts

Mizuho bot 1000 X 1260 puts

Mizuho bot 1500 X 1340 puts

Mizuho bot 500 X 1280 puts

Mizuho bot 700 X 1500 calls

Rosenthal bot 1000 X 1500 calls

Rosenthal bot 1000 H 1220 calls/sold 570 SH

Rosenthal bot 800 X 1450-1550 call spreads

Bunge bot 1000 X 1400 calls

JPM sold 1000 V 1300 puts/1440 call strangles/bot 120 SX

JPM sold 500 X 1120 puts

JPM bot 500 X 1500 calls/1300 put strangles

JPM sold 500 X 1360-1300 put spreads

FI sold 750 X 1300-1260 put spreads

Man bot 1000 X 1400 calls

Man bot 750 X 1400 straddles/bot 75 SX

Man sold 1,000 X 1360-1300 put spreads

ABN bot 600 X 1300 puts/1500 call strangles

ADM bot 600 X 1380 straddles

Tenco sold 500 X 1240 puts/sold 75 SX

GFI bot 400 V 1420 calls

 

Wheat:

Macquarie bot 600 Z 650 puts

Newedge sold 400 Z 630-600 put spreads/bot 400 Z 760 calls

 

Meal:

JPM sold 500 Z 500 calls

Macquarie bot 250 Z 400 puts

Tenco sold 400 Z 400 puts

 

Oil:

JPM bot 1150 Z 43 puts/sold 1150 Z 46 calls/bot 780 BOZ

Rosenthal bot 1000 Z 45 calls

Rosenthal bot 500 V 45 calls

 

Estimated fund activity

  • Wheat sold 2,000
  • Corn sold 2,000
  • Beans sold 4,000
  • Meal bought 1,000
  • Bean oil sold 3,000

 

Closing vols and ATM straddles

 

Corn

V vol 32 ½ 480 str 30-31 ½

X vol 29 ¼ 480 str 44 ½-45 ½

Z vol 27 ½ 480 str 50 ½-51 ½

H vol 25 ½ 490 str 68 ½-70

K vol 24 ½ 500 str 78-80

Z14 vol 22 510 str 97 ½-99

 

Beans

V vol 30 1370 str 81 ½-83

X vol 26 1370 str 112 ½-114

F vol 22 1360 str 135-138

H vol 20 ¼ 1340 str 149-152

K vol 19 1320 str 159-162

N vol 18 1300 str 167-170

 

Wheat

V vol 22 650 str 27-30

X vol 22 ¼ 650 str 45-47

Z vol 22 ¼ 650 str 54-57

H vol 22 ¾ 670 str 82-84

K vol 23 670 str 95-100

N ovl 23 670 str 107-112

 

KC Wheat

V vol 20 ½ 700 str 29-31

X vol 20 ¾ 700 str 47-49

Z vol 20 ¾ 700 str 57-60

H vol 21 ¼ 710 str 84-88

N vol 22 710 str 109-114

 

Minneapolis wheat

Z vol 18 ¾ 730 str 49-55

H vol 19 740 str 74-82

K vol 19 ½ 750 str 87-97

 

Meal

V vol 36 430 str 32-34

X vol 32 430 str 42-45

Z vol 29 430 str 48-50.

F vol 26 430 str 50-53

H vol 26 420 str 53-56

K vol 22 400 str 52-57

 

Bean oil

V vol 18.5 44 str 150-170

X vol 17.5 44 str 230-255

Z vol 16.75 44 str 270-290

F vol 16.25 44 str 310-350

H vol 16 4450 str 370-400

K vol 16 4450 str 430-470

 

Crush quotes

 

OPEN             CLOSE

SEP            80-86              70-80

OCT           68-68.5           68-69.5

DEC           64-64.5           63.5-64

JAN           64-65               63-64

MCH         66-67               66-67

MAY         65-67               66.5-67

JLY             66-67               66-68

DEC 14      72-73.5          72.5-73.5

 

Crush player

 

New Edge sold 50 July at 67.5

 

Oil Share players

 

ABN bought Jan 45 oil/32 meal at 33.75%

 

ABN bought March 100 oil/72 meal at 34.50%

 

Thank you,

 

Kate Rosenberg