News
- Lanworth ‘13/14 crop estimates
- Global corn crop estimated at 955.0 MMT vs. previous estimate of 952.0 MMT
- Global bean crop estimated at 288.0 MMT vs. previous estimate of 286.0 MMT
- Global wheat crop estimated at 707.0 MMT vs. previous estimate of 706.0 MMT
- US corn crop estimated at 13.792 BB
- US corn yield estimated at 156.2 BPA
- US bean crop estimated at 3.215 BB
- US bean yield estimated at 41.8 BPA
- Jordan bought 50K tons of optional origin feed barley for March shipment
- Hearing Canada having the best harvest ever for all crops
- SAGIS said South Africa’s Sept corn ending stocks were at 5.803 MMT vs. Aug ending stocks of 6.613 MMT
- Agritel said France’s ‘13/14 wheat planting area will rise 2-3% from ‘12/13 area.
- Nov beans closed below the 50 day moving average of 1317 ½ . Nov beans settled at 1310
- Dec KC wheat closed above the 200 day moving average of 762 ½. Dec KC settled at 770 ¾
- Dec meal closed below the 50 day moving average of 416.30. Dec meal settled at 415.00
- There will be no Chinese bean auction tomorrow. Hearing the auction are over for the year.
- Oct flash PMIs come out tomorrow for China, Germany, France, Eurozone, and the US
- Weekly US jobless claims report comes out tomorrow at 730 am CDT
- Weekly US export sales report for the week ending October 3rd come out tomorrow at 730 am CDT . Expectations for this report were
- Wheat 300-900K
- Corn 600K – 1.4 M
- Beans 400K – 1.025 M
- Meal 150-250K
- Bean oil 0-30K
- Late tomorrow or early Friday morning USDA will release incomplete data for the export sales report for the week ending Oct 10th and Oct 17th . These figures will NOT be final.
- On October 31st USDA will release export sales report for the weeks ending Oct 10th, 17th, and 24th . These figures will look larger than normal since the 3 weeks will be combined.
- Weekly EIA Nat Gas storage report comes out tomorrow at 930 am CDT
- Open outcry option players- another quiet day on the trading floor
- Tenco bought 2,000 Dec bean 1280 puts at 18 ¾-19 ½
- Tenco bought 1,000 May bean 1060 puts and sold 500 May 1160 puts at 7 ¾ credit and sold 25 May futures at 1269
- Tenco bought 1,000 Jan bean 1380 calls sold 1,000 Jan bean 1280 puts at 12 credit and sold 620 Jan futures at 1309
- EDF Man bought 1,500 Jan bean 1250 puts at 19 ¼-19 ¾
- Rand sold 2,000 May corn 470 calls at 27-27 ¼
- ABN bought 1,400 March wheat 800 calls at 11 ¼-12
- Bunge bought 1,000 Dec meal 410/400 put spreads at 3.00
- Mizuho bought 100 Jan bean oil 40 puts at 48
Estimated fund activity
- Wheat bought 1K
- Corn bought 6K
- Beans bought 5K
- Meal bought 2K
- Bean oil sold 1K
Closing vols and ATM straddles
Corn
X vol 22 ½ 440 str 6 ½-8 ½
Z vol 23 ½ 440 str 24-25
H vol 21 ¾ 450 str 45-46
K vol 22 ¼ 460 str 57 ½-59
N vol 23 ¼ 470 str 70-71
U vol 24 ½ 480 str 85-85 ½
Z14 vol 23 ¼ 480 str 91 ½-92 ½
Beans
X vol 16 ½ 1310 str 14-16
Z vol 20 1/8 1300 str 61 ½-62 ½
F vol 18 5/8 1300 str 82-83 ½
H vol 19 ¾ 1280 str 115-117
K vol 19 1260 str 135-136 ½
N vol 18 ½ 1260 str 149-151
Wheat
X vol 26 ½ 700 str 10-12
Z vol 21 ¾ 700 str 34-36
H vol 21 ½ 710 str 69-71
K vol 21 ¾ 720 str 87-90
N vol 22 700 str 98-101
KC wheat
X vol 20 ½ 770 str 10-12
Z vol 20 ½ 770 str 36-38
H vol 20 ½ 770 str 70-74
K vol 20 ¾ 770 str 86-91
N vol 21 740 str 97-102
Minneapolis wheat
Z vol 17 ½ 760 str 27-33
H vol 18 770 str 58-65
K vol 18 ½ 770 str 76-83
N vol 18 ½ 770 str 86-93
U vol 18 ¾ 770 str 97-105
Z14 vol 18 ¾ 780 str 105-210
Meal
X vol 22.5 420 str 5-7
Z vol 23.75 420 str 23.5-24.5
F vol 22.25 410 str 30-32
H vol 21.75 400 str 39-41
K vol 20 390 str 43-46
N vol 19.5 390 str 48-51
Bean oil
X vol 16 41.5 str 35-55
Z vol 16.5 41.5 str 150-165
H vol 16.5 42 str 203-330
K vol 16.5 42.5 str 375-410
N vol 16.5 43 str 435-465
Crush quotes
OPEN CLOSE
DEC 69.5-70 73.5-74
JAN 64-64.5 65-65.5
MCH 61.5-62.5 62-63
MAY 62-63.5 62-63.5
JLY 63-64 62.5-63
AUG 67-68 65.5-68
SEP 86-89.5 86-89
DEC 14 72-73 72-73
Crush players
ABN sold 60 Oct at 78
New Edge sold 80 March at 62.75
RJO sold 60 Dec at 73
Tenco sold 300 Dec at 70-73
Oil Share Player
Rosenthal bought 200 Dec oil/170 meal at 32.87-32.90