corn option weekly review

corn option weekly review

the goldman roll started on friday?







there is a report on 11/9



estimates


corn?

end stocks?

average 1.480

high 1.576

low 1.355



beans

end stocks?

average .662

high .449

low .310


wheat?

end stocks

average .581

high .607

low .565






weekly changes


dec

553 down 15 1/4

oi 544690 down 52712?

vol 21% down 1 1/2%

call oi 474335 down 6643

put oi 392195 up 4714


jan?

vol 21 1/4% down 1 1/4%

call oi 23458 up 5179

put oi 21203 up 6630


feb?

vol 23 1/4% down 1 1/4%

call oi 3540 up 2441?

put oi 1340 up 494


march?

562 1/4 down 14 1/2?

oi 444923 up 59335?

vol 23 3/4% down 3/4%

call oi 153458 up 771

put oi 100615 up 2747


may?

567 1/4 down 12 1/2?

oi 174072 up 9320?

vol 24 3/4% down 1%

call oi 36151 up 2146

put oi 26423 up 2751


july?

568 3/4 down 10

oi 155025 up 15710?

vol 25 1/2% down 1 1/4%

call oi 164031 up 5181

put oi 46176 up 5237


sept?

548 1/2 down 6 1/4

oi 49170 up 4263

call 13842 up 1086

put oi 5917 up 338


dec22

540 1/2 down 9 1/2

oi 135892 up 9291

oi 23 1/2% down 1 1/4%

call oi 49691 up 3645

put oi 29092 up 3464


march23

547 down 9 1/2

oi 6971 up 579?

call oi 21 up 11

put oi 14 up 11


july23

547 down 9 1/2?

oi 5886 up 439

call oi 1985 down 47

put oi 155 unchanged


dec23

503 1/2 down 7 1/4?

oi 5691 up 292

call oi 1289 up 26

put oi 442 up 2


dec24

475 1/2 down 1 1/4

oi 1336 up 65




11/1


corn

bought 3000 july 530/480 put spreads vs selling the 740 calls collecting 5/8 to 1 1/8?


sold 500 march 540p/650c strangles @ 4 3/8?


sold 200 dec 580 straddles @ 30 1/4?


bought 300 dec 635 calls paying 2 1/8


bought 400 march 610 calls paying 23 1/8 covered vs 586


bought 1000 dec 535 calls paying 45 1/2?


bought 850 jan 610 calls vs selling the dec 600 call and bought the dec 560 puts vs selling the jan 560 puts paying 2 5/8?


bought 300 march 530 puts vs selling 600 march 490 puts paying 3 3/4 covered vs 580


bought 250 march may -4/+4 cso call spreads paying 2 5/8?


bought 4500 dec 560/550 put spreads paying 2 1/2?


sold 500 dec 555 calls from 31 down to 30 7/8?


sold 1000 dec 600 calls from 7 1/4 to 7 7/8?


bought 300 dec 570/535 put spreads paying 7 1/2?


bought 500 march 500 puts vs selling the 600 calls collecting 22


sold 250 march 610/650 call spreads @ 9 7/8?


sold 1000 march 600 calls 24 3/8 to 24 5/8


sold 400 march 570 calls @ 39 1/4 covered vs 586


sold 400 march 580 calls @ 34 1/4 covered vs 586


sold 100 short dated may 550/600 call spreads @ 16 1/2?


sold 300 dec/dec +10/+40 cso call spreads from?14 1/4?down to 12 3/4?


bought 250 dec 570/590 call spreads paying 9 3/4?


bought 400 week 1 560 puts paying 1 1/2?


sold 500 march 600 calls from 28 down to 27 7/8?


bought 500 dec 570 calls vs selling 250 week 1 540 calls collecting 3/8?


bought 250 july 650/750 call spreads paing 18


bought 500 jan 590 calls vs selling the dec 585 calls paying 7 1/8?


sold?300 jan 560p/615c strangles @ 20


bought 1000 dec 600 calls paying 8 to 8 1/8 covered vs 581


bought 300 july 680 calls vs selling 150 july 500 puts paying 36 5/8


sold 1500 dec 550/560 call spreads @ 7 1/2?


bought 200 red dec 700 calls paying 19 3/4?


sold 250 dec 545 calls @ 38


sold 1000 dec 580 calls @ 14 1/8?


bought 500 march 500 puts paying 3 5/8?


sold 500 dec 580/590 call spreads @ 4?


sold 250 march 560 puts from 18 5/8 to 18 1/2??



settles

dec 579 on 177k

march 587 on 74k

may 590 1/2?on 31k

july 589?on 31k

sept 562 1/4 on 3400

dec22 555 1/4 on 17k

march23 561 3/4?on 700



vols

z580^?30 1/2-7/8??25%

f585^?41 5/8-42??23.75%

g585^?55-1/2??25.25%

h590^?64 3/4-65 1/8??25.5%

k590^?84-1/2??26.25%

n590^?100 3/4-101 1/2??27%

z2 560^?113-114??24.75%





11/2


corn?

bought 1250 march 570 calls paying 37 1/2 covered vs 583


sold 1000 dec 550 puts @ 5 covered vs 573 1/2?


sold 200 dec 550 puts @ 5 covered vs 573 1/4?


bought 1000 week 1 580 calls paying 3 1/2?


sold 400 march 590 straddles @ 62 7/8 covered vs 581 1/2?


bought 1000 march 600 calls paying 24 5/8?


bought 1200 march 530p/600c strangles paying 33 1/2 to 33 7/8?


bought 200 march 540 puts vs selling the 590/640 call spreads collecting 2 5/8 down to 2 1/2?


bought 1000 march 530 puts paying 9 to 9 1/8?


sold 200 dec 580 straddles @ 29 1/8?


bought 300 dec 570 puts vs selling 600 dec 550 puts paying 1 3/4 to 1 7/8?


sold 400 dec 590 calls from 9 1/4 down to 9


sold 300 dec 580/600/620 call flies @ 3 1/8?


sold 800 dec 600 calls from 5 3/4 down to 5 3/8


bought 200 march 530p/600c strangles paying 33 7/8?


sold 500 march 600 calls?@ 27


bought 300 dec 585 puts paying 18 3/8?


sold 250 week 1 580 calls @ 5


bought 1000 dec 550 puts paying 4 3/4?


bought 300 march 520 puts paying 6 5/8


bought 250 july 650/750 call spreads paying 17 1/4?


bought 300 march 520 puts paying 6 5/8?


sold 1000 march 600/650 call spreads @ 13 1/2?


bought 500 dec 580/540 put spreads vs selling the 600 call paying 5 to 5 1/4


bought 1000 dec 495 puts paying 5/8?


sold 500 dec 530 puts from 1 3/4 down to 1 5/8


sold 100 dec/dec +10/+40 cso call spreads @ 13 1/2


sold 200 march 570 straddles from 63 3/8 down to 63 1/4 covered vs 588


sold 300 dec 570/550 put spreads from 6 1/8 down to 6


bought 500 short dated dec 515 puts paying 7/8?


sold 400 july 650 puts @ 91


sold 600 dec 600/620 call spreads @ 4 1/8?


sold 300 dec 595 calls from 8 down to 7 7/8?


sold 500 dec 600 calls from 6 3/4 down to 6 5/8?


bought 200 dec 600/635 call spreads paying 5 1/4 covered vs 579 1/2


bought 200 short july 490/480 put spreads paying 2 1/2?


bought 1000 dec 590/600/620 broken call flies collecting 1


sold 300 dec 585 puts from 17 1/4 down to 16 3/4?


bought 1000 dec 600 calls paying 9 1/2 to 9 7/8?


sold 500 dec 605 calls from 8 1/4 down to 8 1/8?


bought 150 may 510/490 put spreads paying 3 1/4?


bought 250 march 540/530 put spreads paying 2 1/2


bought 1500 dec 580/600 call spreads paying 8 1/2?


sold 500 dec 570 calls @ 20 5/8?


bought 250 march 590/640 call spreads vs selling the 540 puts paying 3 3/8?


bought 1000 dec 550 puts vs selling 2000 dec 530 puts paying 1 1/8?


sold 150 sept 600 calls @ 38 5/8?


on a block

1000 dec 590 calls trade 8

1000 dec 560 puts trade 8




settles

dec 573?on 160k

march 581 1/4??on 68k

may 585 1/2?on 27k

july 585 1/2??on 26k

sept 558 3/4??on 5800

dec22 551?on 17k

march23 557 1/2??on 400


vols

z575^?27 1/2-28??23.5%

f580^?38 7/8-39 1/4??22.5%

g580^?52 1/4-5/8??24.25%

h 24.25%

k 25.5%

n 25.75%

u 26%





11/3


corn

sold 1000 dec 550 puts @ 5 7/8?


bought 200 week 2 550 puts paying 3 1/2?


sold 250 dec 530 puts @ 2 3/8?


sold 200 week 1 570/565 put spreads @ 3


bought 300 dec 570/600 call spreads paying 7 5/8 covered vs 565


bought 100 dec/march -8 puts paying 1 7/8?


bought 200 dec22 520 puts paying 38 1/4 covered vs 546 1/2


bought 200 dec 510 puts vs selling 400 dec 490 puts paying even


sold 500 march 530 puts @ 10 7/8 covered vs 573


bought 500 dec 530 calls paying 36 1/2 to 36 5/8?


bought 500 week 2 540 puts paying 2


bought 500 dec 550 puts paying 6 7/8?


sold 300 dec 1250/1280 call spreads @ 9 3/4 covered vs 1241


bought 500 dec 600 calls paying 2 7/8?


sold 300 dec 585 calls @ 5 1/2?


sold 100 red dec 600 calls @ 34 1/2?


sold 100 july 550 puts @ 32


bought 500 march 800 calls paying 1 3/8


sold 1600 dec 600 calls @ 3 3/4 covered vs 570 1/2?


sold 100 sept 600 calls @ 36


bought 200 jan 560 puts paying 11


sold 2500 march 530/510 put spreads @ 4 1/8


bought 500 dec 580 calls paying 8 3/4?


bought 200 july 580/680 call spreads vs selling the 530 puts paying 7


bought 400 march 600/700 call spreads vs selling the jan 560/610 call spreads from even to 1/8 debit


bought 1000 march 600/700 call spreads vs selling the jan 570/620 call spreads paying 3/8


bought 250 march 580 straddles paing 59 3/4 covered vs 579


sold 500 dec 560/535 put spreads @ 5 5/8?



settles

dec 564 on 133k

march 572 1/4?on 62k

may 576 1/2?on 20k

july 577?on 19k

sept 553 1/4?on 3000

dec22 546 1/4?on 12k

march 23 552 3/4?on 400


vols

z565^?24 7/8-25 1/4??22%

f570^?36 1/2-37??21.75%

g570^?49 3/4-50 1/4??23.75%

h570^?58 1/4-3/4??23.75%

k580^?78-3/4??24.75%

n580^?94 1/4-95??25.75%

z2 550^?106-3/4??23.75%





11/4


corn

bought 2800 dec/march -10 cso puts paying 7/8?


bought 500 red dec 520/490 put spreads paying 14 1/4


bought 100 dec 530 calls vs selling the red dec 580 calls collecting 7


bought 800 dec 570 puts vs selling the jan 565 puts paying 2


bought 750 may 550 puts paying 26 7/8


bought 200 march 550 puts paying 20


sold 100 dec 470 calls @ 89


bought 250 jan 600 calls vs selling the dec 580 and 600 call paying 1 to 1 1/8?


sold 1500 dec 550 puts from 5 3/4 to 6 3/4


bought 150 march 600/700 call spreads paying 15 7/8?


bought 300 dec 530 calls paying 34 7/8?


sold 200 sept 600 calls @ 34


bought 100 red dec 520/620 call spreads paying 35 5/8?


bought 400 dec 570 puts vs selling the jan 565 puts paying 1 7/8?


sold 300 week 1 570/565 put spreads @ 4


sold 300 jan 600 calls @ 10?


bought 100 short dated 520 puts paying 1


bougth 100 may 600/680 call spreads paying 19 1/4 covered vs 581


sold 500 dec 590 calls from 2 7/8 down to 2 3/4?


sold 200 dec 580 calls from 4 1/4 down to 4 1/8?


bought 200 jan 600/650 call spreads vs selling the dec 600 calls paying 3 5/8?


bought 500 red dec 750 calls paying 9 3/4?


bought 250 jan 550/500 put spreads vs selling the dec 550 puts paying 3/4?




on a block?

bought 1000 dec 680 calls paying 3/8?


bought 1700 july 650/750 call spreads paying 14 3/4?


bought 1000 dec 560/530 put spreads paying 9 1/2?



settles

dec 559 1/4 on 132k

march 567 3/4??on 58k

may 572 1/2?on?20k

july 573?on?18k

sept 551 1/4?on?3600

dec22 543 1/2?on?14k

march23 550??on 375


vols

z560^?23 3/8-3/4??21.5%

f570^?35 3/8-3/4??21.25%

g570^?48 3/4-49 1/4??23.25%

h570^?57 1/2-58??23.5%

k570^?76-3/4??24.75%

n570^?91 3/4-92 1/2??25.5%

z2 540^?103 1/2-04 1/4??23.5%






11/5


corn?

sold 1000 dec 520p/590c strangles from 4 down to 3 3/4?


bought 1000 march 700 calls paying 3 1/4?


bought 300 red dec 580 calls vs selling the dec 525 calls paying 7


bought 300 march 600 calls paying 16 1/8?


bought 500 dec 555/540 put spreads paying 6 3/8?


bought 400 dec 565 calls paying 7 1/8?


bought 150 july 630/740 call spreads vs selling the 470 puts paying 9 7/8 covered vs 569


bought 1000 dec 550/540 put spreads paying 3 7/8?


bought 200 jan 565 straddles vs selling the march 560 straddles collecting 21 5/8?


sold 250 jan 520p/590c strangles from 11 7/8 down to 11 3/4


sold 100 dec22 500 puts @ 29 5/8?


bought 1500 dec march -10?cso puts paying 1 to 1 1/8?


bought 850 dec/july even cso calls paying 5/8?


bought 500 feb 580 calls vs selling the dec 570 calls paying 11 7/8?


bought 100 week 2 550 puts paying 5 1/4


bought 1200 week 2 540 puts paying 2 1/2?


sold 300 week 2 540 puts @ 2 7/8?


bought 250 dec 495 puts paying 5/8?


bought 750 dec 480 puts paying 3/8


sold 500 dec 570/590 call spreads @ 3 3/4


sold 500 dec 580 calls @ 4


bought 300 march 600 calls paying 16 1/2?


bought 500 dec 600 calls paying 1 1/2?


bought 300 march 750 calls paying 1 7/8?





settles

dec 553 on 162k

march 562 1/4?on 107k

may 567 1/4?on 25k

july 568 3/4?on 20k

sept 548 1/2?on 4300

dec22 540 1/2?on 11k

march23 547?on 500



vols

z555^?22 1/8-3/8??21%

f560^?34-1/2??21.25%

g560^?47 1/2-48??23.25%

h560^?56 1/2-57??23.75%

k570^?75 3/4-76 1/2??24.75%

n570^?91 1/4-92??25.5%

z2 540^?103-104??23.5%




crop progress

https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/x920gx81z/sx61fm26h/prog4521.pdf



commitment of traders

CFTC Commitments of Traders Long Report - AG (Combined)


CFTC Commitments of Traders Long Report - AG (Combined)

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stories of interest?

UPDATE 1-U.S. farmers to seed less corn, more wheat and soy for 2022/23 season -USDA


UPDATE 1-U.S. farmers to seed less corn, more wheat and soy for 2022/23 ...

Reuters Staff

U.S. farmers are likely to reduce plantings of corn while expanding seedings of soybeans and wheat for the upcom...



USDA Sees More Soybean Acres, Less Corn in 2022/23 Crop Year ? Farm Policy News


USDA Sees More Soybean Acres, Less Corn in 2022/23 Crop Year ? Farm Poli...

Reuters writer Julie Ingwersen reported last week that, "U.S. farmers are likely to reduce plantings of corn whi...





U.S. EPA rejects one small refinery exemption for 2019 compliance year so far


U.S. EPA rejects one small refinery exemption for 2019 compliance year s...

The U.S. Environmental Protection Agency has rejected so far one petition from an oil refiner to be exempted fro...



Nitrogen fertilizer shortage threatens to cut global crop yields -CF Industries


Nitrogen fertilizer shortage threatens to cut global crop yields -CF Ind...

A shortage of nitrogen fertilizer due to soaring natural gas prices is threatening to reduce global crop yields ...



Commodities Will "Never Return" To 2020 Lows: Lawrence Lepard


Commodities Will "Never Return" To 2020 Lows: Lawrence Lepard

"40 years of deflation is over given what we see."


U.S. governors explore state-level way to expand biofuel sales


U.S. governors explore state-level way to expand biofuel sales

A bipartisan group of U.S. governors sent a letter to the Biden administration on Thursday to ask for guidance o...




China Trade Surplus Hits Record Just As US Trade Deficit Rises To All-Time High


China Trade Surplus Hits Record Just As US Trade Deficit Rises To All-Ti...

China's exports through October have already surpassed all of 2020...



Here's Why US Supply Chain Problems Will Only Get Worse


Here's Why US Supply Chain Problems Will Only Get Worse

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Google to invest $1 bln in CME Group, agrees cloud computing deal


Google to invest $1 bln in CME Group, agrees cloud computing deal

Alphabet Inc's Google has invested $1 billion in CME Group and has struck a separate deal to move the futures ex...



Brazil's JBS aims to cut cow methane emissions globally with feed additive


Brazil's JBS aims to cut cow methane emissions globally with feed additive

Reuters Staff

JBS SA, the world's largest meatpacker, on Thursday announced a partnership with health and nutrition company Ro...



China state planner says vegetable supplies sufficient


China state planner says vegetable supplies sufficient

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Got milk? Yes, actually, U.S. has too much.

Some parts of the nation have seen localized spikes in milk prices. But most of the nation is facing an oversupp...



U.S. Ethanol Maker Eyes Low-Carbon Sugar as Its ‘Moonshot’


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Kim Chipman



https://www.cnbc.com/2021/11/05/forex-markets-dollar-us-jobs-data-bank-of-england-british-pound.html

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