News From The Grain Floor 08/04/15

FC Stone will come out with 2015 US crop estimates today at about 3 pm CST .

Overnight closes

  • SX up 10 ¼ at 945 ¾
  • CZ up 3 ¼ at 379 ¾
  • WU up 3 ¼ at 502 ¼
  • KC WU up 3 ½ at 492 ½
  • MWU up 2 ¼ at 519 ¼
  • SMZ up 4.20 at 325.20
  • BOZ up 3 at 3033

Overnight volume

  • SX 15,857
  • CZ 21,288
  • WU 8,240
  • KC WU 1,276
  • MWU 350
  • SMZ 6,667
  • BOZ 8,593

Overnight option volume

  • Corn 2,842
  • Wheat 2,436
  • Beans 2,337
  • Meal 25
  • Bean oil 79

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

1,077

201509

CORN OPTIONS

C

410

708

201512

CORN OPTIONS

P

410

606

201509

CHICAGO SRW WHEAT OPTIONS

P

530

454

201509

CORN OPTIONS

P

400

388

201509

CHICAGO SRW WHEAT OPTIONS

P

510

140

201512

CORN OPTIONS

P

400

59

201509

CORN OPTIONS

P

390

58

201509

CHICAGO SRW WHEAT OPTIONS

P

520

43

201512

CORN OPTIONS

P

420

28

201512

CHICAGO SRW WHEAT OPTIONS

P

530

7

Funds

News

Euro 1.0968 up 14

Nikkei down .14%

Hang Seng up .1%

Shanghai Index up 3.7%

China grain market closes = beans up 11, corn up 12, meal up 6, palm oil down 74, and bean oil down 28

Malaysian palm oil market closed up 6.

Japan seeks 168,353 tons of food wheat from the US , Canada, and Australia for Sept –Oct shipment.

Taiwan bought 130,000 tons of Brazilian corn for Dec-Jan shipment

South Korea MFG bought 134,000 tons of optional origin corn for Jan-Feb shipment

Lanworth US Midwest crop tour continues – ends tomorrow.  

There were 1,082 bean oil deliveries with the date current. House ADM  issued 15.

Weekly US crop progress report from yesterday

Corn

  • Condition – 70% good to excellent, unchanged from a week ago, and vs. 73% good to excellent a year ago . Expecting steady to up 1% from a week ago
  • Silking – 90% vs. 78% a week ago and vs. 89% five year average
  • Dough – 29% vs. 14% a week ago and vs. 31% five year average

 Beans

  • Condition – 63% good to excellent , up 1% from a week ago , and vs. 71% good to excellent a year ago . Expecting unchanged to up 1% from a week ago
  • Blooming – 81% vs. 71% a week ago and vs. 83% five year average
  • Setting Pods – 54% vs. 34% a week ago and vs. 49% five year average

 Spring Wheat

  • Condition – 70% good to excellent, down 1% from a week ago , and vs. 70% a year ago . Expecting unchanged to up 1% from a week ago
  • Harvested – 8% vs. 2% a week ago and vs. 11% five year average

 Winter Wheat

  • Harvested – 93% vs. 85% a week ago , and vs.85% five year average

 Rice

  • Condition – 70% good to excellent, up 1% from a week ago, and vs.71% good to excellent a year ago
  • Headed – 63% vs. 51% a week ago and vs. 59% five year average

Cotton

  • Condition – 57% good to excellent, unchanged from a week ago, and vs. 53% five year average
  • Squaring – 92% vs. 85% a week ago and vs. 94% five year average
  • Setting Bolls – 57% vs. 44% a week ago and vs. 64% five year average

 Receipt Registrations as of yesterday afternoon. – no changes

  • Wheat = 465
  • Oats = 18
  • Corn =264
  • Ethanol = 51
  • DDGs = 0
  • Beans = 0
  • Bean oil = 3,063
  • Soymeal = 0
  • Rice = 2,454
  • KC wheat = 1
  • Minneapolis wheat =  722

Open interest as of yesterday’s close

  • Total corn 1,369,757 open, up 5,649
  • Total soybeans 641,853 open, up 195
  • Total soymeal 381,919 open, down 77
  • Total bean oil 378,191 open, up 626
  • Total wheat 418,850 open, up 5,595
  • Total KC wheat 201,703 open, up 346

Upcoming reports/events:

  • FC Stone will come out with 2015 US crop estimates tomorrow at about 3 pm CST
  • Weekly API energy inventory report comes out today at 330 pm CST
  • Weekly DOE energy inventory report comes out tomorrow at 930 am CST
  • Weekly US ethanol plant progress report comes out tomorrow at 930 am CST
  • Informa expected to come out with their 2015 US crop estimates sometime this week. Hearing report will come out tomorrow. Informa comes out at 1030 am CST.
  • US July unemployment report comes out on Friday at 730 am CST
  • USDA crop production and supply and demand report comes out Wednesday August 12th at 11 am CST
  • Pro Farmer annual crop tour is August 16-20th
  • USDA will restart monthly census crush reports, report was supposed to come out on August 3rd , but this report was delayed. The report will not come out until October

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