From The Floor-An Afternoon Recap

News

 

Malaysian Palm Oil Association said Feb 1-20th palm oil production is down 9% from a month ago

 

Taiwan MFIG seeks 60,000 tons of US or Brazilian corn for April/May shipment

 

Vietnam Ag Minister said Vietnam exported 702,000 tons of rice between Jan – Feb down 12.3% from a year ago

 

May KC wheat closed above the 100 day moving average of 685 ½. May KC settled at 691

 

March oats made an all-time high of 503 today . March oats is limit up at 503

 

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

 

Weekly DOE #s come out tomorrow at 930 am CST

 

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

 

Estimated Fund Activity

  • Wheat bought 1K
  • Corn bought 4K
  • Beans bought 6K
  • Meal bought 2K
  • Bean oil sold 2K  

 

Open outcry players

  • ABN bought 1,000 Nov bean 1020 puts at 14 5/8 -14 ¾
  • New Edge bought 2,200 Sept beans 1060/1040 put spreads at 2 1/8
  • Rand bought 2,500 May bean 1400 calls at 26 ½ and sold 1,050 May beans at 1376
  • ADM sold 1,100 July short dated 1140 puts at 28-30
  • RJO sold 1,000 July corn 500 calls 10 ¼
  • ABN bought 700 Dec corn 490 calls at 26 3/8 sold 294 Dec futures at 464 ½
  • ABN bought 500 May wheat 620 calls and sold 1,000 May wheat 650 calls at 1 ¾ debit
  • ABN bought 500 May wheat 635 calls at 13 ½ tied to 608
  • ABN bought 500 April wheat 620 calls at 11 ¾ tied to 610
  • ABN sold 400 April wheat 595 puts at 8 ½ tied to 610
  • Jefferies bought 2,000 July meal 400 puts sold 2,000 May meal 400 puts at 4.75-5.00 debit
  • JP Morgan bought 1,500 August meal 440 calls at 13.00 sold 540 Aug futures at 418.00
  • New Edge bought 500 May bean oil 4050 puts sold 500 May bean oil 43 calls at 55 debit
  • JP Morgan bought 500 July bean oil 45 calls at 35
  • ABN bought 20 July crush 70 calls at 3.5

 

 

Closing vols and ATM straddles

 

Corn

J vol 16 ¼ 460 str 15-16

K vol 18 ½ 460 str 26 ¾-27 ¾

N vol 22 470 str 45 ½-46 ½

U vol 24 ½ 470 str 63 ½-64

Z vol 22 ¾ 470 str 72-73

 

Beans

J vol 17 5/8 1380 str 50-51 ½

K vol 16 ¾  1380 str 75-76

N vol 16 ¾ 1380 str 103-105

U vol 17 1240 str 115-118

X vol 16 ¼ 1160 str 120-123

 

Wheat

J vol 25 620 str 32-33

K vol 24 620 str 47-48

N vol 24 ½ 620 str 67-69

U vol 24 ¾ 630 str 85-88

Z vol 23 ½ 640 str 100-104

 

KC wheat

J vol 23 ¼ 690 str 33-35

K vol 22 ¾ 690 str 50-53

N vol 23 ¼ 680 str 70-73

U vol 23 ¼ 690 str 86-90

Z vol 21 ¾ 700 str 102-104

 

Minneapolis wheat

J vol 20 660 str 25-31

K vol 21 660 str 45-50

N vol 20 660 str 55-63

U vol 21 670 str 75-82

Z vol 20 680 str 87-96

 

Meal

J vol 22.75 450 str 20-22

K vol 21 450 str 29-31

N vol 21 430 str 37.5-39.5

Q vol 19.5 410 str 39-41

U vol 18.75 390 str 39-41

Z vol 17.75 360 str 41.5-44.5

 

Bean oil

J vol 15.25 41 str 120-140

K vol 15.5 41 str 190-210

N vol 15.75 41 str 275-300

Q vol 15.75 41 str 315-335

U vol 16 41 str 350-375

Z vol 16 40.5 str 415-445

 

Crush quotes

 

OPEN            CLOSE

MCH       86-87.5         79.5-81

MAY       62-63             59.5-60.5

JLY           50.5-51         50-51

AUG        53-56            54-56

SEP          87-90             87-89.5

OCT         86.5-87.5      86.5-86

DEC         79-79.75       78.5-79

JAN          72.5-74         72.5-74

 

Crush players

 

ABN sold 40 KNN at 33.5

 

RJO bought 60 March at 84.5-84.75

 

Tenco sold 50 FZZ at 75

 

Tenco sold 50 Oct at 86-87

 

Tenco sold 40 Dec at 79