corn weekly review
july21 420 call open interest was up 1300 this week(paper sold)
June vol was down over 9%
we have a big number on 3/31
3/23
1500 july 350 straddles were sold from 39 1/2 down to 39
1000 july 420 calls sold covered vs 350 with a 15 delta
1500 april 355 calls were sold
1000 may 390 calls were bought paying 1 5/8 covered vs 344 3/4
1210 may 375 corn calls blocked @ 3 late in the day
Settles
K 343 1/2 on 91k
N 349 1/2 on 41k
U 355 1/4 on 14k
Z 364 1/4 on 30k
H 374 1/2 on 5900
Straddles and vols
J 345^ 10 1/4 to 10 3/4 -33%
K 345^ 26 1/2 to 26 3/4- 33%
M 350^ 32 1/2 to 32 7/8- 29%
N 350^ 39 1/2 to 40-28%
U 350^ 49 to 49 3/4 -27 3/4%
Z 360^ 57 1/2 to 58 1/4 - 24 3/4%
H 370^ 62 1/2 to 63 1/2-22 1/4%
3/24
Robot bought 1000 sept 400 calls vs selling the 320 put @ 1/4 covered vs 352 1/2
they sold 300 may/july -5 cso puts @ 1 3/4
they sold 1000 may 380 calls @ 2 3/8 vs 348
They sold 1000 may 360 calls @ 5 1/8 covered vs 340
they bought 3200 july 320 puts covered vs 347 against selling 3200 may 325 puts covered vs 342 paying 1 3/8 to 1 5/8
they sold 500 each of the dec 340/330 and 340/320 put spreads
They paid 37 for 200 red july 390 puts
they sold 1750 july 370 calls covered vs 355 from 13 3/8 down to 13 1/8
settles
may 347 1/4 on 106k
july 352 on 60k
sept 356 1/2 on 16k
dec 365 1/4 on 30k
march 374 3/4 on 6900
vols
april 345^ 9 to 9 1/2-31 1/2%
may 345^ 24 5/8 to 25-30 1/4%
june 350^ 30 1/4 to 30 3/4-27%
july 350^ 37 1/4 to 37 3/4-26 1/2%
sept 360^ 48 1/4 to 48 3/4-26 1/4%
dec 370^ 57 1/4 to 57 3/4-24%
march 370^ 61 1/2 to 62 1/2-22%
3/25
robot bought 2500 july 330 puts
they bought 500 may 400 calls vs selling the july 400 calls collecting 4 1/2
they bought 1000 july 320 puts
CME raised ethanol margins yesterday
also yesterday CHS rolled out with 92.5
138,000 tonnes of corn to unknown 19/20
ltd for april options is friday
april oi
345 strike
2481 calls
2969 puts
350 strike
3510 calls
5218 puts
355 strike
3064 calls
2853 puts
settles
k 348 1/2 on 90k
n 353 1/2 on 54k
u 358 1/4 on 13k
z 367 1/4 on 24k
h 377 on 5200
Straddles and vols
Week 1 350^ 14 to 14 1/2 - 31 1/2%
J 350^ 6 3/8 to 6 3/4 -27 1/4%
K 350^ 21 3/4 to 22 1/8-27 1/4%
M 355^ 28 1/4 to 28 3/4 - 25 1/4%
N 350^ 36 to 36 3/8 - 25 1/2%
U 360^ 47 to 47 1/2 - 25 3/4%
Z 370^ 55 3/4 to 56 1/4- 23 1/2%
H 380^ 61 3/4 to 62 1/2 - 21 1/2%
3/26
robot
1000 may 360 calls paying 5 to 5 1/8 covered vs 345 1/2
1000 sept 330/300 put spreads bought
500 may/july 380 put spreads sold @ 1/2
500 sept 360/july 350 straddle swaps bought paying 11 1/2
1200 may 340/320 put spreads bought paying 5 3/4 covered vs 344 3/4
1500 july 370 calls bought paying 10 1/2 covered vs 351 1/2
settles
k 348 3/4 on 93k
n 354 1/4 on 66k
u 359 on 14k
z 367 1/4 on 26k
h 377 1/2 on 4k
straddles and vols
j350^ 4.5-5 24%
k350^ 20.5-20.875 26.25%
m355^ 27-27.375 24.25%
n350^ 34.5-34.875 24.5%
u360^ 45.5-46 25%
z370^ 53.75-54.5 23%
h38^0 59.5-60.5 21%
3/27
sold 700 CN 3.30 puts @ 7 1/4 covered vs 3.54 1/2
bought 1000 ck 3.65 calls vs selling ck 3.30 puts collecting 1/4 covered vs 3.47 1/2
bought 500 ck 3.30 puts paying 5 1/4
sold 1000 may 3.45 puts
today was LTD for april corn options...on Monday, July options start trading in 5 cent strikes
settles
may 346 on 95k
july 351 3/4 on 62k
sept 356 on 11k
dec 364 1/4 on 22k
march 374 on 4400
may21 378 1/2 on 500
july21 380 1/2 on 1700
sept 21 372 1/2 on 274
dec21 379 3/4 on 1800
straddles and vols
may 345^ 20 1/4 to 20 3/4-27%
june 350^ 26 1/4 to 26 3/4- 24 1/4%
july 350^ 33 1/2 to 34 -24%
sept 360^ 44 1/4 to 44 3/4 -24 1/2%
dec 360^ 51 1/4 to 52-22 1/4%
march 370^ 56 3/4 to 57 1/2-20 1/2%
commitment of traders
CFTC Commitments of Traders Long Report - AG (Combined)
CFTC Commitments of Traders Long Report - AG (Combined)
hogs and pigs
cme raises ethanol margings
https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2020/03/Chadv20-128.pdf
stories of interest
Green Fuel Plants Are Shutting Down and Some May Never Come Back
Green Fuel Plants Are Shutting Down and Some May Never Come Back
Isis Almeida,Fabiana Batista,Michael Hirtzer
Fed Hears Pleas to Ease Rules on Banks in Options Markets
Fed Hears Pleas to Ease Rules on Banks in Options Markets
Silla Brush,Benjamin Bain,Jesse Hamilton
Back-to-basics approach could prevent jolt from USDA's planting report: Braun
Back-to-basics approach could prevent jolt from USDA's planting report: ...
Trump administration walks away from ethanol court battle, angering oil refiners
Trump administration walks away from ethanol court battle, angering oil ...
Cargill cancels quarterly earnings release due to coronavirus
Cargill cancels quarterly earnings release due to coronavirus
Jobless claims soar past 3 million to record high
Jobless claims soar past 3 million to record high
UPDATE 2-Brazil's JBS quarterly net income surges 332%, beats analysts estimate
UPDATE 2-Brazil's JBS quarterly net income surges 332%, beats analysts e...
Powell on whether the Fed has enough firepower: 'We're not going to run out of ammunition'
Powell on whether the Fed has enough firepower: 'We're not going to run ...
https://www.agriculture.com/news/crops/get-ready-get-set-estimate-us-2020-corn-soybean-acreage
Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
Negative rates come to the US: 1-month and 3-month Treasury bill yields ...
Yields on both the 1-month and 3-month Treasury bills dipped below zero Wednesday
What A Ratio And Crush Spread Are Saying About Corn And Soybeans
What A Ratio And Crush Spread Are Saying About Corn And Soybeans
Mortgage Mayhem Hits Broker ED&F With Mounting Margin Calls
Mortgage Mayhem Hits Broker ED&F With Mounting Margin Calls
Sridhar Natarajan,Matthew Leising
Louis Dreyfus net income falls 38% in 2019
Louis Dreyfus net income falls 38% in 2019
North American business hurt by trade turmoil.
Must We Kill The Economy To Kill The Virus?
Must We Kill The Economy To Kill The Virus?
Is it necessary to create an economic and social crisis to solve the medical crisis?
China's Jan-Feb pork imports surge 158% on pre-holiday stocking
China's Jan-Feb pork imports surge 158% on pre-holiday stocking
As coronavirus fuels meat demand, processors raise pay for North American farmers, workers
As coronavirus fuels meat demand, processors raise pay for North America...
POET says cuts U.S. corn buying over slumping biofuel demand
POET says cuts U.S. corn buying over slumping biofuel demand
aei.ag | COVID-19 and U.S. Agriculture: 4 Key Questions
aei.ag | COVID-19 and U.S. Agriculture: 4 Key Questions
COVID-19 Has "Dimmed" Economic Prospects for Corn Belt Farmers ? Farm Policy News
COVID-19 Has "Dimmed" Economic Prospects for Corn Belt Farmers ? Farm Po...
Russian Agriculture Ministry proposes grain export quota for April-June
Russian Agriculture Ministry proposes grain export quota for April-June
UPDATE 2-Russia proposes grain export quota in response to coronavirus
UPDATE 2-Russia proposes grain export quota in response to coronavirus
* Agriculture ministry proposes 7 mln T quota for second quarter
Brazil soymeal traders may gain from Argentina's logistics woes amid pandemic - soy crusher
Brazil soymeal traders may gain from Argentina's logistics woes amid pan...
High-Frequency Traders Feast on Volatile Market
High-Frequency Traders Feast on Volatile Market
Scott Patterson and Alexander Osipovich
Supply of soy to Argentine livestock feed factories down by half and falling
Supply of soy to Argentine livestock feed factories down by half and fal...
Ethanol Plants Could Soon Start Producing for DDGs, Not Ethanol
Ethanol Plants Could Soon Start Producing for DDGs, Not Ethanol
MAY
346 up 2 1/4
oi 454395 down 39361
vol 27% down 5 1/2%
call oi 124966 up 5014
put oi 110948 up 4033
june
vol 24 1/4% down 9 3/4%
call oi 19037 up 3208
put oi 21742 up 4792
july
351 3/4 up 2 1/4
oi 376249 down 503
vol 24% down 4 1/2%
call oi 128799 down 707
put oi 99762 up 4177
sept
356 up 1 1/4
oi 172574 down 2930
vol 24 1/2% down 3%
call oi 53941 up 4630
put oi 51108 up 3978
dec
364 1/4 up 1
oi 252843 down 6
vol 22 1/4% down 5 1/4%
call oi 117531 up 3843
put oi 79703 up 3550
march
374 up 3/4
oi 31600 up 1296
vol 20 1/2% down 1 3/4%
call oi 9764 down 679
put oi 6882 up 557
may21
378 1/2 up 1
oi 8138 up 578
call oi 108 unchanged
put oi 143 unchanged
july21
380 1/2 up 3
oi 34003 up 2917
call oi 3967 up 1724
put o 3492 up 466
dec21
379 3/4 up 1/4
oi 28668 up 1696
call oi 2298 up 191
put oi 1984 up 474