News From The Floor-An Afternoon Recap

News

  • Weekly US export inspection report came out today at 10 am CDT
    • Wheat 23.789 MB expecting 20-25 MB
    • Corn 14.759 MB expecting 11-14 MB
    • Beans 3.417 MB expecting 1-3 MB
  • November European wheat futures made a new contract low today.
  • Today was the fourth day of the Goldman Sachs roll. The roll ends tomorrow.  On the close
    • 16,222 UZ corn traded at 8 on the screen and 600 traded at 8 ¼ in the pit
    • 9,606 UZ wheat traded on the screen at 14
    • 2,780 UZ KC wheat traded on the screen at 6 ½
  • Weekly US crop progress report comes out today at 3 pm CDT expecting corn and beans good to excellent conditions down 1% to up 2% from a week ago – Based on a Reuters survey expecting unchanged from a week ago
  • Weekly API energy inventory report comes out tomorrow at 330 pm CDT
  • Open outcry option players
    • Tenco bought 2,000 Oct bean 1140 puts at 13-13 ¼ and bought 440 Nov futures at 1198. – before report
    • ADM bought 600 Oct bean 1200 puts at 32-32 ½ – before report
    • Rand bought 1,000 Nov bean 1120 puts at 11 ½-11 ¾ – after report
    • Vision sold 4,000 Nov bean 1220 calls at 37 ¼ -37 ½ and bought 1,680 Nov futures at 1211 – after report
    • New Edge sold 1,000 Nov 1200/140 call spreads at 18 ¾-19 ½ – after report
    • FI bought 2,000 Oct corn 440 puts sold 2,000 Oct corn 480 calls at 3 ½ -3 ¾  and bought 1,300 Dec futures at 453. – before report
    • ADM sold 2,000 Sept short dated corn 435 puts at 2 ½ – after report
    • FI bought 2,000 Oct corn 500/480 call spreads at 3 5/8 –  before report
    • FC Stone sold 2,000 Dec corn 450 puts at 22 ¾ – before report
    • Rosenthal sold 3,000 Dec corn 490/480 put spreads at 7 ½ – before report
    • FC Stone sold 900 March corn 450 puts at 25 3/8 and sold 300 March futures at 463 ½. – before report
    • Rand bought 700 Dec wheat 600 puts at 10 ¾ – before report
    • EDF Man bought 500 Dec wheat 640 puts at 24 ¾ – before report
    • Mizuho bought 750 Dec wheat 700 calls sold 750 Oct wheat 700 calls at 8 ½ tied to Dec futures at 649 ½ – before report
    • JP Morgan sold 200 Dec meal 350 puts at 11.50 – before report
    • JP Morgan sold 200 Oct meal 350 puts at 5.00 – before report
    • FC Stone bought 500 Dec meal 340/300 put spreads at 6.25 – before report
    • JP Morgan bought 300 Dec bean oil 4250 puts at 155 tied to futures at 4225- before report

 

Estimated Fund Activity

  • Wheat bought 3K
  • Corn bought 15K
  • Beans bought 15K
  • Meal bought 5K
  • Bean oil bought 4K

 

 

 

Thank you,

 

Kate Rosenberg