corn options weekly review

corn options weekly review

weekly changes


dec

425 1/2 up 2 1/4

oi 18632 down 170143


jan 

vol 19% down 3 3/4%

call oi 89790 up 14049

put oi 72103 up 13403


feb 

vol 22% down 1 3/4%

call oi 22859 up 5119

put oi 158870 up 4206


march 

433 3/4 up 5 1/2 

oi 905529 up 58389

vol 23 1/4% down 1/2%

call oi 272852 up 7650 

put oi 153416 up 7539


may 

436 3/4 up 6

oi 218432 up 7557

vol 23 1/4% down 1/2%

call oi 710092 up 2090 

put oi 33585 up 855


july 

437 1/4 up 6 1/2

oi 214379 up 5629

vol 23 1/4% down 1/2%

call oi 94040 up 152

put oi 64139 down 115


sept 

417 1/2 up 6 1/4

oi 81316 up 2689

vol 22 1/2% unchanged 

call oi 26625 up 1492

put oi 19730 up 467


dec21 

414 1/2 up 6 1/4

oi 189272 up 3466

vol 20 1/2% unchanged

call oi 103434 up 8666 

put oi 49105 up 1791


march22 

419 1/4 up 7 1/4

oi 14889 up 1171

call oi 1872 up 180 

put oi 722 up 305






11/23


robot 


bought 2000 march 460/500 call spreads paying 6 1/2 to 7 


sold 2000 jan 430 puts from 9 1/8 to 9 1/2


sold 400 jan 430 calls @ 12 7/8 


bought 200 dec21 400 puts paying 27 3/4


bought 5000 march 400/370 put spreads paying 4 1/2


bought 500 feb 450/500 call spreads vs selling the jan 440 calls collecting 1/8 


bought 200 may 440/480 call spreads paying 9 1/2 


bought 300 week 4 430 puts paying 2 5/8 covered vs 433


bought 800 jan 430 straddles vs selling the march 430 straddles collecting 20 3/8 


bought 900 red dec 400/420 call spreads paying 7 1/4 covered vs 409 1/2


sold 700 jan 425 puts @ 6 1/4


bought 600 jan 455 calls paying 3 5/8


settles

dec 426 1/2 on 123k

march 433 1/4 on 176k

may 436 1/2 on 37k

july 436 1/4 on 24k

sept 414 on 4100

dec21 411 on 12k


vols

f435^ 20 1/4-5/8  20%

g435^ 32-3/8  22.75%

h435^ 40 5/8-41  23.75%

k440^ 54 3/4-55 1/2  24.5%

n440^ 64 1/2-65 1/4  24.25% 

u410^ 63-64  22.25%

z21 410^ 66 1/2-67 1/2  20.5%







11/24


robot

sold 200 march 470 puts from 49 1/8 to 49


sold 1000 jan 435 calls from 7 down to 6 7/8


bought 1000 jan 425 puts paying 7 1/8 


bought 1000 dec21 500 calls paying 12 1/8 covered vs 408


bought 1500 dec21 500 calls paying 12 5/8 to 12 7/8 covered vs 409


sold 1000 jan 425 puts @ 7 7/8 


sold 1000 jan 405 puts from 1 1/2 to 1 3/4


bought 500 jan 450 calls paying 3 1/4 to 3 1/2


bought 500 march 400 puts paying 6 1/8


sold 400 jan 420 puts @ 5 3/8


bought 500 jan 420/410 put spreads paying 3 1/8 covered vs 427 1/2 


bought 200 march 470 calls paying 7 1/4



bought 1000 march 480 calls vs selling the jan 430 calls collecting 3 1/8


bought 1000 feb 405 puts vs selling the jan 420 puts collecting 3/8 


bought 200 july 360/330 put spreads paying 2 3/8 covered vs 432


bought 600 july 430 straddles vs selling the march 430 straddles paying 22 


sold 400 feb 430 straddles @ 30 1/8 


bought 1000 sept 500 calls paying 12 to 12 1/2


sold 1000 week 4 430 calls @ 4 7/8 covered vs 432 1/2


bought 2000 jan 440 calls paying 6 5/8 to 7 covered vs 432 1/2 


settles 

dec 425 3/4 on 118k

march 432 1/2 on 218k

may 435 3/4 on 42k

july 436 1/2 on 28k

sept 414 3/4 on 4700

dec21 412 1/4 on 16k


vols

f 430^ 19 1/2 to 19 7/8---20%

g 430^ 31 to 31 3/8---22 1/2%

h 430^ 39 3/8 to 39 3/4---23 1/2%

k 440^ 53 1/4 to 53 3/4---23 1/2%

n 440^ 63 1/2 to 64---23 3/4%

u 410^ 63 1/2 to 64 1/2---22 1/2%

z21 410^ 67 3/4 to 68 1/2---21%





11/25



robot

bought 150 red july 410 calls vs selling the dec21 400 calls paying 2 1/2 


bought 2000 jan 440 calls paying 5 1/2 covered 429


sold 1000 jan 430 puts @ 9 1/4


sold 200 march 405p/470c strangles @ 14 7/8


sold 200 feb 410p/460c strangles @ 12 1/8


bought 300 jan 440 calls paying 5 5/8 covered vs 430 1/4


bought 150 may 450 calls vs selling the 410 put paying 6 7/8 


bought 250 march 460 call paying 9 3/4 


bought 300 march 430 calls vs selling the 390 puts paying 14 3/4 covered vs 428 3/4


sold 750 jan 460/480 call spreads @ 1 1/8 


bought 1000 sept 470 calls covered vs 414 against selling the july 480 calls covered vs 434 collecting 3/8


sold 250 feb 430 straddles @ 30 1/8


bought 250 jan 445 calls paying 4


bought 500 jan 430 puts paying 9 3/4 


sold 1000 dec 480 calls from 16 to 16 1/8 covered 411 1/4


sold 300 march 390 calls @ 42 covered vs 428


bought 1000 march 480 calls paying 5 3/4 


bought 400 jan 440 calls paying 6 covered vs 431


bought 300 jan 425/410 put spreads paying 5 5/8 covered vs 430 


sold 1000 jan 440 calls @ 5 3/8 


bought 250 march 410 calls paying 28 3/8 covered vs 428 1/4 


bought 100 dec21 450/600 call spreads paying 16 3/4




settles 

dec 420 on 115k

march 427 1/2 on 268k

may 430 1/4 on 38k

july 431 1/2 on 21k

sept 412 1/2 on 3500

dec21 410 3/4 on 17k


vols

 f430^ 19-3/8  20%

g430^ 30 1/8-1/2  22.25%

h430^ 38 3/8-3/4  23.25%

k430^ 50 1/4-3/4  23%

n430^ 60 1/4-3/4  23.25%

u410^ 62 3/4-63 1/2  22.25%

z21 410^ 66 3/4-67 1/2 20.75%





11/26


Thanksgiving day 




11/27


robot 

bought 800 dec21 360/350 put spreads paying 2 1/2 


sold 2500 jan 430 calls from 8 1/2 to 9 3/8


sold 1000 jan 430 calls @ 9 3/8 covered vs 430 3/4


bought 2500 week 1 435 calls paying 3 3/4 to 3 7/8 covered vs 432 1/2 


sold 600 red dec 460 calls @ 19 7/8 covered vs 412 3/4 


sold 800 jan 435 calls @ 7


sold 500 week 4 430 calls @ 3/8


bought 150 march 360 puts paying 5/8


bought 400 jan 430 calls paying 8 7/8 


sold 700 dec21 470 calls from 17 3/4 to 17 7/8 covered vs 412


bought 700 may 400 straddles paying 53 7/8 covered vs 435


bought 500 march 420 puts paying 13 1/2 covered vs 431 1/2 


bought 500 july 420/390 put spreads vs selling the 500 calls collecting 1/2 



settles

dec 425 1/2 on 67k

march 433 3/4 on 129k

may 436 3/4 on 21k

july 437 1/4 on 12k

sept 417 1/2 on 2500

dec21 414 1/2 on 8300


vols


 f435^ 18-1/2  19%

g435^ 30-3/8  22%

h435^ 38 5/8-39  23.25%

k440^ 52 1/8-1/2  23.25%

n440^ 62 1/4-3/4  23.25%

u420^ 64 1/2-65 1/2  22.5%

z21 410 66-3/4  20.5%



commitment of traders


CFTC Commitments of Traders Long Report - AG (Combined)


CFTC Commitments of Traders Long Report - AG (Combined)

This is the viewable version of the most recent release of the AG disaggregated long form combined commitments r...



crop progress


https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/gf06gt245/2514pb05z/prog4820.pdf


cme group publication 


Bracing for La Ni?a - CME Group


Bracing for La Ni?a - CME Group

A La Ni?a is forming in the Pacific with the potential to heighten volatility in agricultural markets by affecti...




stories of interest 


China’s Set to Import More U.S. Corn and Squeeze Global Prices


China’s Set to Import More U.S. Corn and Squeeze Global Prices

China is set to import more U.S. corn, with volumes for next year seen hitting the top end of market expectation...



China’s Record Farm-Goods Spree May Still Miss Pledge to U.S.


China’s Record Farm-Goods Spree May Still Miss Pledge to U.S.

Kim Chipman,Michael Hirtzer



Brazil’s Breadbasket Wants to Reach China More Quickly


Brazil’s Breadbasket Wants to Reach China More Quickly

Mario Sergio Lima

Brazil’s breadbasket wants to jump in the fast lane.



Is The Soybean Rally About To End?


Is The Soybean Rally About To End?

"Bringing in U.S. beans to China, at this price, means you lose money."



Column: A Yellen dollar may be a more global one


Column: A Yellen dollar may be a more global one

Mike Dolan

Janet Yellen's likely appointment as U.S. Treasury Secretary is unlikely to usher in a new exchange-rate doctrin...



Thanksgiving Dinner Costs Soar In 2020


Thanksgiving Dinner Costs Soar In 2020

...a basket of Thanksgiving foods costs approximately 9.8% more in 2020 when compared to Thanksgiving of 2019.



President-elect Biden’s EPA could bring major ag changes


President-elect Biden’s EPA could bring major ag changes

Jacqui Fatka

It's important to watch direction of new EPA administrator on water rule, ethanol and pesticide registrations.





Global Stocks Set For Best Month Ever As Dollar Dumps Near 3-Year Lows


Global Stocks Set For Best Month Ever As Dollar Dumps Near 3-Year Lows

With just a few days (of illiquid markets) to go, global stocks (MSCI World) is set for its greatest monthly ret...




Where Your Thanksgiving Meal Comes From


Where Your Thanksgiving Meal Comes From

Justin Fox

Green beans are from Wisconsin, sweet potatoes are from North Carolina and other lessons in U.S. agricultural ge...



Chinese buyers look to cancel U.S. soybean orders as processing margins shrink


Chinese buyers look to cancel U.S. soybean orders as processing margins ...

Naveen Thukral, Hallie Gu

Some Chinese soybean importers and processors are looking to cancel deals signed for U.S. cargoes for December a...



Lower, corn soybean stocks: Bearish May turns to bullish November


Lower, corn soybean stocks: Bearish May turns to bullish November

NEW YORK — Larger-than-expected cuts in corn and soybean stocks awoke the bulls following the U.S. Department of...


Corn use for fuel ethanol at 401 million bushels in September @EthanolMagazine


Corn use for fuel ethanol at 401 million bushels in September @EthanolM...

The USDA recently released its Grain Crushings and Co-Products Production report for November, reporting that co...



U.S. farmers plant more winter wheat as grain prices rally


U.S. farmers plant more winter wheat as grain prices rally

Julie Ingwersen

U.S. farmers expanded seedings of winter wheat this autumn for the first time in eight years as strong demand an...



USDA Agricultural Trade Outlook- FY 2021 U.S. Exports Forecast Up $11.5 Billion ? Farm Policy News


USDA Agricultural Trade Outlook- FY 2021 U.S. Exports Forecast Up $11.5 ...

On Monday, the USDA released its Outlook for U.S. Agricultural Trade, a quarterly report from the Department’s F...



Cargill’s CEO on Preventing Covid-19 Surge From Disrupting the Food Supply


Cargill’s CEO on Preventing Covid-19 Surge From Disrupting the Food Supply

Jacob Bunge

David MacLennan is changing how the food supplier’s plants and executives function to navigate the coronavirus p...



https://www.agweb.com/blog/5-corn-or-15-beans-really-even-possible


White House Planning Unprecedented Trade Alliance To Retaliate Against China


White House Planning Unprecedented Trade Alliance To Retaliate Against C...

"China is trying to beat countries into submission by egregious economic coercion. The West needs to create a sy...



China's October grain, sugar and pork imports


China's October grain, sugar and pork imports

Reuters Staff

The table below shows China's imports of major agriculture products in October 2020, according to data released ...



U.S. Thanksgiving Dinner Cost Falls to Lowest Since 2010


U.S. Thanksgiving Dinner Cost Falls to Lowest Since 2010

Nancy Moran



Chinese Demand, Dry Weather Help Spur Crop Prices ? Farm Policy News


Chinese Demand, Dry Weather Help Spur Crop Prices ? Farm Policy News

Wall Street Journal writers Ryan Dezember and Kirk Maltais reported last week that, "Dry weather, China’s push t...



Exclusive: Plotting future, U.S. biofuel industry seeks federal clean fuel program from Biden


Exclusive: Plotting future, U.S. biofuel industry seeks federal clean fu...

Stephanie Kelly, Jarrett Renshaw

America's biggest biofuel companies plan to ask President-elect Joe Biden to impose a nationwide standard to red...




Corn inventory drawdown; what does it mean for feed costs?


Corn inventory drawdown; what does it mean for feed costs?

Dr. Nevil Speer

The corn market may have room to run even higher from current levels.


American Corn Growers Foundation to policymakers: Ratchet up ethanol blend to 30%


American Corn Growers Foundation to policymakers: Ratchet up ethanol ble...

Robert Pore [email protected]

Despite the challenges of the pandemic, markets, trade and weather, the U.S. Department of Agriculture said that...



US dollar falls to lowest value since early September


US dollar falls to lowest value since early September

Celine Castronuovo

The value of the U.S. dollar reached its lowest level in nearly three months Friday as confidence in the global ...


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