From The Floor-An Afternoon Recap

News

 

CEC estimated 2014 South Africa corn area at 2.71 MH vs. 2013 corn area of 2.78 MH

 

CEC estimated 2013 South Africa wheat crop at 1.795 MMT vs. previous estimate of 1.751 MMT

 

New contract low in Minneapolis wheat today . The low of the day was 604.

 

Weekly API energy inventory report comes out today at 330 pm CST

 

Weekly DOE energy inventory report comes out tomorrow at 930 am CST

 

Weekly US ethanol plant production report comes out tomorrow at 930 am CST

 

Tomorrow is the second day of the FOMC meeting. Fed announcement at 1 pm CST tomorrow

 

Estimated Fund Activity

 

Wheat bought 1K

 

Corn sold 2K

 

Beans sold 3K

 

Meal sold 1K

 

Bean oil bought 2K

 

Open outcry option players

 

FI sold 11,000 March bean 1240/1200 put spreads at 4 – 4 3/8 . This is a closing position

 

FI bought 3,500 March bean 1300 calls at 11-12. My broker believes this is a closing position

 

Rand bought 1,200 Nov bean 1000 puts at 21 ½ and bought 288 Nov futures at 1104

 

ABN bought 700 July corn 500 calls and sold 1,400 July corn 530 calls at 5/8 debit

 

FC Stone bought 300 May wheat 530 puts at 6 ¼

 

JP Morgan bought 300 May wheat 530 puts at 6 ¼

 

EDF Mann sold 500 March meal 410 puts at 3.20-3.40

 

Mizuho bought 500 May bean oil 38/40 call spreads and sold 500 May bean oil 36 puts at 25 debit