News From The Floor-An Afternoon Recap

News

 

USDA attaché in India estimated India’s ‘14/15 wheat crop at 96.0 MMT vs. ‘13/14 crop of 92.5 MMT

 

USDA attaché in India estimated India’s ‘14/15 wheat exports at 3.0 MMT vs. 6.0 MMT in ‘13/14

 

USDA attaché in India estimated India’s ‘14/15 wheat domestic use at 91.5 MMT vs. 91.7 MMT in ‘13/14

 

USDA attaché in India estimated India’s ‘14/15 wheat ending stocks at 20.5 MMT vs. 19.0 MMT in ‘13/14

 

USDA attaché in India estimated India’s ‘14/15 corn crop at 22.0 MMT vs. 23.0 MMT in ‘13/14

 

USDA attaché in India estimated India’s ‘14/15 corn exports at 2.5 MMT vs. 3.0 MMT in ‘13/14

 

USDA attaché in India estimated India’s ‘14/15 corn domestic use at 20.3 MMT vs. 19.1 MMT in ‘13/14

 

USDA attaché in India estimated India’s ‘14/15 corn ending stocks at 739,000 tons vs. 1.5 MMT in ‘13/14

 

USDA attaché in Israel estimated ‘14/15 wheat imports at 1.52 MMT vs. 1.49 MMT in ‘13/14

 

USDA attaché in Israel estimated ‘14/15 wheat domestic use at 1.64 MMT vs. 1.66 MMT in ‘13/14

 

USDA attaché in Israel estimated ‘14/15 wheat ending stocks at 385,000 vs. 380,000 in ‘13/14

 

March KC wheat closed above the 100 day moving average of 689 ½. March KC wheat settled at 692 ½

 

March bean oil closed above the 100 day moving average of 4010. March bean oil settled at 4024

 

May bean oil closed above the 100 day moving average of 4045. May bean oil settled at 4052

 

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

 

China’s HSBC flash Feb mfg PMI comes out tonight/tomorrow

 

Germany, France, and Eurozone Feb Flash mfg PMI comes out tomorrow morning

 

Weekly US jobless claims report comes out tomorrow at 730 am CST

 

Weekly EIA Nat Gas storage report comes out tomorrow at 930 am CST

 

Weekly DOE #s and US ethanol plant production comes out tomorrow at 10 am CST

 

USDA annual outlook conference starts tomorrow and ends Friday. On Friday the balance sheet will come out

 

Open outcry players

  • New Edge bought 2,000 SX 1100/1000 put spreads at 30
  • Vision bought 3,600 SN 1140 puts and sold 1,200 SN 1200 puts at 3 ¾ -4
  • Jefferies sold 500 SK 1320 puts at 24 ¾ -25
  • Jefferies sold 500 SK 1300 puts at 17 ½-17 ¾
  • EDF Mann bought 500 SK 1400 calls sold 500 SK 1200 puts at 14 ½ -15
  • RJO bought 500 SDFH (short dated March bean) 1150 calls at 2 ¼
  • RJO bought 800 CZ 460/410 put spreads and sold 800 CZ 510 calls at ¾ debit
  • Macquarie bought 500 CU 510 calls at 15 1/8 and sold 145 CU at 461
  • ABN  bought 500 CJ 465 calls at 5 1/8-5 ¼
  • ICap bought 1,000 CK 470 calls at 9 ½ and sold 360 CK at 457
  • ICap bought 1,000 CK  470 calls at 10 3/8 and sold 360 CK at 459
  • ADM bought 1,200 WH 600 puts at 2-2 ½ and bought 192 WH at 613
  • JP Morgan bought 2,100 WH 615 calls and sold 2,100 WJ 650 calls at 1 – 1 ½ debit
  • FC Stone bought 200 SMH 450 calls and sold 200 SMH 2014 320 puts at 3.00 credit
  • Mizuho sold 500 BOK 39-41 call spreads and bought 500 BOK 37 puts at 90 credit
  • Bunge sold 2,000 BON 38.50 puts at 65
  • Tenco bought 500 BON 3850 puts at 65
  • JP Morgan sold 500 BOK 42 calls at 55

 

Estimated fund activity

  • Wheat bot 3K
  • Corn bot 6K
  • Beans  sold 4K
  • Meal sold 1K
  • Bean oil sold 2K