International Grains Monthly Update – April 2020

BWF and BCF volume in March 2020

Black Sea wheat volume in March: futures 21,475 lots, options 500 lots; open interest (across F&O) of 27,692 lots at month-end. First trades in Oct/ Nov/ Dec 2020. Black Sea corn (BCF) in March: 5,020 lots (new monthly record)

BWF (May’20) vs. Chicago Wheat and KC Wheat (May’20)

Correlation
Black Sea Premium
Market Volatility

BWF (Jul’20) vs. Chicago Wheat and KC Wheat (Jul’20)

Correlation
Black Sea Premium
Market Volatility

BCF vs. Chicago Corn – May’20

Correlation
Black Sea Premium
Market Volatility

Black Sea sunflower oil

Options watch

Black Sea wheat option strike/ expiry month: Open Interest as of March 31st, 2020

Commitments of Traders (as of March 24th)


Disclaimer

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