July 2019 Ags Update

QuikStrike

The free Commitments of Traders (COT) tool provides a comprehensive and highly configurable graphical representation of the CFTC's report on market open interest released each Friday afternoon based on positions held during the prior Tuesday. Markets are only included if 20 or more traders hold positions equal to or above the reporting levels established by the CFTC and the respective exchanges.

Try the Tool


Read now: Use Cases for Short-Dated vs. Deferred-Month Grain Options

In this article we discuss the time premium and gamma advantages of a strategy using the August short-dated options in Corn versus the same strategy using the December options.

Options update

  • Grain/Oilseed Weeklies: record open interest on June 27 (66K) going into the USDA Planting Intention number resulting in a record volume day June 28 (40,211)
  • Second highest Average Daily Volume in June for Corn options
  • KC Wheat options hit record open interest (OI) on June 20 of 109K contracts
  • Soybean implied volatility decreasing, call skew increasing through the month of June
  • Record OI in Lean Hog options (467K) on June 17
  • Dry Whey: Tied for record options OI on June 4of 3,788

Monthly Report

Black Sea update

  • Record Black Sea Wheat futures daily volume on July 1 of 3,790 lots
  • Record Black Sea Wheat futures and options OI of 37k lots on July 1
  • H1 2019 Black Sea volumes +100% YoY to 108K

Read about Black Sea

Ag TAS: Did you know?

TAS is an order type that allows a participant to buy or sell futures at any time, equal to or near the yet-to-be determined settlement price.

TAS is available on Corn, Chicago Wheat, KC Wheat, Soybeans, Meal, Oil, Live Cattle, Feeder Cattle and Lean Hogs futures at CME Group.

Explore TAS contracts