Old Crop Puts vs New Crop Put Spreads Discussed

In my opinion, significant trading volume erupted into massive volatility in multiple markets on Friday.

Grain Crushings - 2024-11-01

Fats and Oils - 2024-11-01

Corn futures are trading with Friday midday gains of 1 to 2 cents so far. The average close for December corn futures throughout October was $4.16, which is the fall crop insurance price. That is 50 cents below the February base insurance price. The national average Cash Corn price from...

The wheat complex is showing some weakness at Friday’s midday across the three markets. Chicago SRW futures are down 6 cents on the day. KC HRW contracts are 5 to 6 cents lower across front months. MPLS spring wheat is 6 to 8 cents in the red so far on...

Soybeans are falling at midday with contracts down 3 to 5 cents on Friday after seeing some gains early on. The average close for November soybean futures during October was $10.03, indicating the fall insurance price. That is $1.52 below the February base insurance price. CmdtyView’s national front month Cash...

Soybeans are extending this week’s bounce on Friday AM trade, with contracts up 7 to 8 cents. They saw gains of 3 1/4 to 6 cents across the board on Thursday to close the Halloween session. CmdtyView’s national front month Cash Bean price is up 4 1/4 cents at $9.29...

Corn prices are trading 1 to 3 cents higher so far on the Friday session. Futures ended the Thursday session with contracts mostly steady to 2 ¾ cents higher, as nearby December was down ¾ cent on the day. The national average Cash Corn price from cmdtyView was down 1...

The wheat complex is showing some strength come back on Friday morning across the three markets. Wheat closed out the Halloween session, with losses across the three exchanges. Chicago SRW futures were down 2 3/4 to 5 1/4 cents on the day. KC HRW contracts were 5 1/2 to 8...

Grain markets were relatively quiet to round out the month of October, will November bring more volatility?

Soybean Oil and Lean Hogs are at 52-week highs for hedge fund position estimates and are currently experiencing technical break outs. Live Cattle is also at extreme levels for hedge fund positions and carry yield but appears to be running out of steam.