From The Floor-An Afternoon Recap

News

 

Argentina Ag Min said as of today sunseed harvest is 88% complete vs. 94% complete a year ago

 

USDA attaché in Thailand estimated ‘14/15 bean imports at 2.1 MMT vs. 2.0 MMT a year ago

 

USDA attaché in Thailand estimated ‘14/15 bean domestic use at 2.2 MMT vs. 2.1 MMT a year ago

 

USDA attaché in Thailand estimated ‘14/15 bean crush at 1.6 MMT unchanged from a year ago

 

USDA attaché in Thailand estimated ‘14/15 soymeal production at 1.3 MMT vs. 1.2 MMT a year ago

 

USDA attaché in Thailand estimated ‘14/15 soymeal imports at 3.3 MMT vs. 3.2 MMT a year ago

 

USDA attaché in Thailand estimated ‘14/15 soymeal domestic use at 4.5 MMT vs. 4.4 MMT a year ago

 

USDA attaché in Thailand estimated ‘14/15 bean oil production at 256,000 tons vs. 248,000 tons a year ago

 

USDA attaché in Thailand estimated ‘14/15 bean oil domestic use at 185,000 tons vs. 177,000 tons a year ago

 

MDA Weather expects timely US spring plantings despite late start.

 

Russia’s Ag Min said as of 4/04/14 Russia farmers have planted spring grains on 1.2 MH vs. 501,000 hectares a year ago

 

May bean oil closed below the 200 day moving average of 4207. May bean oil settled at 4157

 

May Minneapolis wheat closed above the 200 day moving average of 718.

 

Weekly COT report comes out today at 230 pm CST

 

Weekly US export inspection report comes out on Monday at 10 am CST

 

Index fund roll begins on Monday and runs through the week. They will be rolling their long May positions into July.

 

Estimated fund activity

  • Wheat sold 3K
  • Corn bought 2K
  • Beans bought 2K
  • Meal sold 1K
  • Bean oil sold 1K

 

Open outcry option players – quiet day today on the trading floor

 

Corn:

JPM sold 1000 N 500 straddles

ICAP bot 500 N 500 straddles

FCS bot 800 N 500 straddles

New Edge sold 500 K 515 calls/485 put strangles

ADM sold 500 K 520 calls/480 put strangles

 

Beans:

XFA sold 1000 M 1380 puts/sold 250 SN

RJO bot 2000 X 1060-1000 put spreads

Rosenthal bot 500 week 2 1430 puts

New Edge bot 900 N 1400 puts

 

Wheat:

Macquarie bot 500 K 590 puts

FI bot 400 N 800 calls

Man sold 400 KCN 700 puts

 

Meal:

FCS sold 300 Z 340 puts

RJO sold 200 K 440 puts

FI sold 200 Z 340 puts

FI bot 300 N 430 puts/sold 100 N 470 puts

 

Oil:

New Edge bot 350 M 41 ½ puts/sold 350 Q 44 calls

Rosenthal sold 200 K 41-42 call spreads

 

Closing vols and ATM straddles

 

Corn

K vol 23 ½ 500 str 21-22

M vol 25 510 str 36 ½-38

N vol 27 510 str 49 ½-50 ½

U vol 20 ½ 510 str 75-76

Z vol 27 ¾ 510 str 88 ½-89 ½

H vol 25 ½ 510 str 96-98

 

Beans

K vol 18 ½ 1470 str 52-54

M vol 20 ¼ 1450 str 85-88

N vol 20 ¼ 1450 str 107-109

U vol 20 ¾ 1260 str 127-131

X vol 19 1200 str 135-138

 

Wheat

K vol 24 670 str 31-32

M vol 27 680 str 53-55

N vol 28 ¾ 680 str 71-72

U vol 28 690 str 95-97

Z vol 27 700 str 119-121

 

KC Wheat

K vol 24 ¼ 730 str 32-34

M vol 26 ¼ 740 str 55-57

N vol 27 740 str 72-74

U vol 26 750 str 95-98

Z vol 25 ¼ 760 str 120-122

 

Meal

K vol 24 480 str 22-23

M vol 24 460 str 32-33

N vol 23.5 460 str 39.5-41.5

Q vol 22.75 440 str 44-46

U vol 22 410 str 44-46

Z vol 20.25 380 str 48-50

 

Bean oil

K vol 20.25 4150 str 150-165

M vol 20.25 42 str 235-260

N vol 20 42 str 290-315

Q vol 19.25 42 str 345-365

U vol 19.25 41.5 str 375-400

Z vol 18.5 41 str 460-480

 

 

Crush quotes

 

OPEN             CLOSE

MAY        37.5-39          36.5-37.5

JLY           33.5-35           30.5-32.5

AUG        45-46.5           44-46

SEP          89-95               92-95

OCT        79.5-81            79.5-80

DEC         74-75               74.5-75

JAN         69-70               69-70

MCH       68.5-70            69-70

MAY5     68-70                68-70

JLY5        66-68.5             66-68.5

 

Crush player

  • ADM sold 150 July at 31-32

 

 

Data sources: DowJones , Bloomberg, Reuters , DTN news, barchart.com and CME Group, NYSE