From The Floor-An Afternoon Recap

News

 

Jordan bought 50,000 optional origin wheat for August shipment

 

Libya bought 30,000 tons of Black Sea origin wheat for April – June shipment

 

USDA attaché in India estimated ‘14/15 wheat crop at 94.0 MMT

 

USDA attaché in Egypt estimated ‘14/15 wheat imports at 10.3 MMT vs. 10.0 MMT in ‘13/14

 

Kazakhstan Ag Min said Kazakhstan exported 7.57 MMT of grain by rail between July 1st – April 30th vs. 5.88 MMT a year ago

 

Ukraine exported 2.19 MMT of grain in April vs. 2.98 MMT in March said the Ag Min

 

Indonesia  industry analysts estimated Indonesia’s 2014 palm oil output  at 28.0+ MMT . Some analysts estimate the production at 29.5 MMT and others are estimating the output at 30.0 MMT

 

South Africa’s 2013 wheat crop was 1.87 MMT unchanged from 2012 wheat crop

 

Hearing Cordonnier estimated ‘13/14 Brazilian bean crop at 86.5 MMT unchanged from previous estimate

 

Hearing Cordonnier estimated ‘13/14 Brazilian corn crop at 72.0 MMT unchanged from previous estimate

 

Hearing Cordonnier estimated ‘13/14 Argentine bean crop at 54.0 MMT vs. previous estimate of 53.5 MMT

 

Hearing Cordonnier estimated ‘13/14 Argentine corn crop at 23.5 MMT unchanged from previous estimate.

 

Weekly API energy inventory report comes out today at 33 pm CST

 

Japan returns from holiday tomorrow

 

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

  • Crude a build of 1.0 MB
  • Gas a build of 500,000
  • Distillates a build of 1.0 MB

 

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

 

Estimated fund activity

  • Wheat bought 4K
  • Corn bought 9K
  • Beans sold 3K
  • Meal sold 1K
  • Bean oil sold 1K

 

Open outcry option players

 

Corn:

FI bot 2000 N 480 puts

RJO bot 1500 U/Z -5 cents CSO puts

RJO bot 1000 week 3 525 calls

ADM sold 750 Z 500-440 put spreads/bot 750 Z 550 calls

ICAP sold 400 Z 560 calls

 

Beans:

ICAP Sold 500 June 1460/1420 Put spds 18.375 credit/ Sold 140 July futures 1447

Fimat Bot 2100 Nov 1100/1000 Puts spds 14.875-15.25db

Marex Bot 300 Nov 1340 Calls 59

ICAP Bot 600 Jul 1460/1500 call spds 14.625 db/ Sold 96 July futures 1451

ABN Bot 600 Jul 1400 Puts 18.375-19.25

FI Sold 400 Jul 1540 Calls 10.625-11/ Bot 80 Jul futures 1448-1451

ADM Bot 1000 June 1420 Puts 11.5-12.5

Marex Bot 200 Nov 1180 Puts/ Bot 200 Nov 1280 Calls 90.5 db

GFI Sold 1250 Nov 1200 Puts/ Bot 2500 Nov 1060 Puts 28-28.25 credit/ Sold 200 Nov futures 1221

Rosenthal Bot 500 WK2  1450 Calls 12.5-14

ADM Sold 200 Jul 1450 Calls 38.5-39

Obrien Bot 200 N/X CSO 220 Puts/ Sold 200 N/X CSO 260 Calls 7 db

Rosenthal Sold 500 SDFN 1240/1200 Put spds/ Bot 500 SDFN 1280 Calls 11.25-12 credit

GFI Sold 1000 Nov 1160 Puts/ Bot 2000 Nov 1060 puts 11.125-11.375 credit

Bunge Sold 300 SDFN 1240 Calls 19.5

ICAP Sold 250 N/X CSO 250 Calls 25.5

GFI Sold 1000 Nov 1200 Puts 55.25-55.5/ Sold 400 Nov futures 1223

GFI Bot 500 Jul 1460/1540 Calls spds 24.5-25.25 db

Bache Bot 600 Jul 1480 Calls 26.25/ Sold 150 Jul futures 1450

Rosenthal Bot 250 N/X CSO 200 Puts 18.5-21

 

Wheat:

ICAP bot 1000 N 710-670 put spreads

Tenco bot 1000 N 725 puts

Tenco bot 1000 Z 750-900 call spreads

RJO bot 1000 N 700 puts

ADM bot 500 Q 900 calls

FI sold 500 N 760 calls/680 put strangles

 

KC Wheat:

New Edge bot 800 KWQ 810 calls/sold 800 KWZ 900 calls

 

Meal:

Rand bot 3000 Z 330 puts

Rosenthal bot 400 Z 360-320 put spreads/sold 400 Z 430 calls

Rand bot 300 Z 340 puts/sold 150 Q 470 calls

Macquarie sold 200 Z 390 straddles

 

Oil:

Rosenthal bot 400 Z 42-46 call spreads/sold 400 Z 38 puts

New Edge bot 300 Z 45 ½ calls/sold 300 Z 42 puts

New Edge bot 245 N 45 calls/sold 245 Q 42 ½ puts

New Edge sold 240 N 42 ½ puts/bot 240 N 45 calls

New Edge bot 240 Q 41 puts/sold 240 Q 43 ½ calls

New Edge bot 240 Q 45 calls/sold 240 Q 42 ½ puts

RJO sold 500 Z 44 calls

RJO bot 400 Z 43 calls

 

Crush quotes

 

OPEN               CLOSE

MAY            55-60                 55-59

JLY                44.5-45             42.5-43.5

AUG            42-43.5              42-45

SEP               89-98                 95-99

OCT              83-84.5              83-85

DEC              77.5-78.5          78.5-79

JAN              72.5-74              73-74

MCH            72-72.5              72-73

MAY5          71-72                  71-72

JLY5              69.5-70.5           70-71

 

 

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