News From The Grain Floor 07/31/15

USDA announced 200,000 tons of US beans canceled by China
USDA announced 108,204 tons of US corn sold to Mexico for ‘14/15 delivery  

USDA announced 126,900 tons of US wheat sold to unknown destinations for ‘15/16 delivery  

Weather Highlights

Most crop areas were dry yesterday with temperatures about normal everywhere. The coming days still show heat to the southwest and cooler temps to the northeast until Monday when seasonable temps return for most corn/soy areas.  Starting Tuesday, below normal temps are expected. Rainfall coverage is increased over the next 7-10 days.  See maps below.

Total EOO’s cleared from previous session

Contract Year Month

Product Desc

P/C Ind

Strike Price

Ex Pit Volume – CME Group

201509

CORN OPTIONS

P

410

407

201509

CORN OPTIONS

P

400

210

201509

CORN OPTIONS

C

400

117

201509

CORN OPTIONS

P

390

78

201509

CHICAGO SRW WHEAT OPTIONS

P

530

48

201509

CORN OPTIONS

C

410

19

201512

CORN OPTIONS

P

410

6

201509

CORN OPTIONS

C

390

4

Funds

 

COT

COT

COT

 

 

 

 

 

 

 

Current

 

14-Jul

21-Jul

to COT

22-Jul

23-Jul

24-Jul

27-Jul

28-Jul

29-Jul

30-Jul

Estimate

Corn

138913

207830

68917

-9000

0

-16000

-30000

3000

-12000

4000

147830

Wheat

-11468

-18171

-6703

-6000

4000

-4000

-5000

5000

-8000

2000

-30171

Soybeans

80633

80335

-298

-9000

-10000

-8000

-14000

7000

0

4000

50335

Soymeal

57976

69527

11551

0

-6000

-3000

-8000

2000

2000

3000

59527

Soyoil

30217

16176

-14041

-5000

-2000

-6000

-4000

3000

-5000

2000

-824

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