EURONEXT/LIFFE PARIS 'MATIF' - MOST POPULAR OPTION TRADE OF THE DAY



Underlying: Milling Wheat 

Option Type: Call 

Expiry X2 (November 12) 

Strike: 220 

Volume: 3450 

Price Range: 7.1 



Options and Futures - Friday's Volumes


EURONEXT/LIFFE PARIS 'MATIF' 
Corn Rapeseed Millwheat
Calls 4 Calls 1,038 Calls 4,120
Puts 100 Puts 1,640 Puts 540
Total 104 Total 2,678 Total 4,660
CHICAGO CME 'CBOT PITS'
Corn Soybeans Wheat
Outrights 37,108 Outrights 29,612 Outrights 8,188
Spreads 9,420 Spreads 5,217 Spreads 510

Options and Futures - Yesterday's Volumes
EURONEXT/LIFFE PARIS 'MATIF' 
Corn Rapeseed Millwheat
Calls 0 Calls 2,273 Calls 4,993
Puts 0 Puts 6,221 Puts 171
Total 0 Total 8,494 Total 5,164
CHICAGO CME 'CBOT PITS'
Corn Soybeans Wheat
Outrights 42,282 Outrights 31,535 Outrights 3,863
Spreads 9,165 Spreads 3,738 Spreads 336

Options and Futures - Yesterday's Volumes
EURONEXT/LIFFE PARIS 'MATIF' 
Corn Rapeseed Millwheat
Calls 8 Calls 2,108 Calls 3,562
Puts 6 Puts 1,004 Puts 180
Total 14 Total 3,112 Total 3,742
CHICAGO CME 'CBOT PITS'   
Corn Soybeans Wheat
Outrights 40,362 Outrights 28,177 Outrights 7,030
Spreads 6,573 Spreads 2,519 Spreads 95
EURONEXT/LIFFE PARIS 'MATIF' - MOST POPULAR OPTION TRADE OF THE DAY

Underlying: Milling Wheat   
Option Type: Call  
Expiry: X2 (November 12)  
Strike: 210  
Volume: 1601   
Price Range: 10.2-11.4  



Options and Futures - Yesterday's Volumes
EURONEXT/LIFFE PARIS 'MATIF'
Corn Rapeseed Millwheat
Calls 101 Calls 96 Calls 200
Puts 2 Puts 14 Puts 101
Total 103 Total 110 Total 301
CHICAGO CME 'CBOT PITS'
Corn Soybeans Wheat
Outrights 51,830 Outrights 28,816 Outrights 3,667
Spreads 8,224 Spreads 2,633 Spreads 233

Statistics Canada as released by Bloomberg:



Wheat:

2012 SPRING WHEAT ACRES MAY GAIN 9.0% TO 17.2 MILLION2012 DURUM WHEAT ACREAGE MAY JUMP 27% TO 5.10 MILLION2012 WINTER WHEAT ACRES MAY RISE 21.2% TO 2.05 MILLION

2012 TOTAL WHEAT ACRES MAY RISE 13.3% TO 24.3 MILLION


Oilseeds: 

2012 CANOLA ACRES MAY GAIN 8.0% TO RECORD 20.4 MILLION
2012 SOYBEAN ACRES MAY GROW 3.6% TO 3.97 MILLION


Barley:

2012 BARLEY ACRES MAY INCREASE 23.1% TO 7.97 MILLION

Russian Prices from SovEcon


                                    April 20           April 13   Change (%)
Sunflower seeds        12,075             11,625      3.9%
Milling rye                   4,750              4,800      -1.0%
Feed wheat                  6,125              6,150      -0.4%
Milling wheat              6,550              6,550      unch.
(3rd grade)
Milling wheat              6,525              6,525      unch.
(4th grade)
Feed barley                 5,575              5,575      unch.
Ukragroconsult's  Feofilov on Ukraine crop - recap:

Wheat carryover will be 7-8 million tons as of July 1.
Corn harvest will be 22 million tons in 2012.
Sunflower crop will rise to 9.5 million tons in 2012 from 9.3 a year ago.


Futures Spreads Monitor:


The Paris/Chicago wheat futures spread in € is 14.26 with:EBMX2 @ €200.00 ; ZWZ2 @ $6.58 ; EURUSD @ 1.3025

The Paris/Chicago wheat futures spread in €/ton is -7.47 with:EBMX3 @ €194.50; ZWZ3 @  $7.16 ; EURUSD @ 1.3025

The Minneapolis/Chicago wheat futures spread in USd/bu is 201.00 with:MEK2 @ $8.18 ; ZWK2 @ $6.17

The Kansas City/Chicago wheat futures spread in USd/bu is 19.00 with:KEK2 @ $6.36 ; ZWK2 @ $6.17

The Minneapolis/Kansas City wheat futures spread in USd/bu is 182.00 with:MEK2 @ $8.18 ; KEK2 @  $6.36


Futures Spreads Monitor:

The Paris/Chicago wheat futures spread in € is 21.23 with:
EBMX2 @ €205.25 ; ZWZ2 @ $6.74 ; EURUSD @ 1.3119


The Paris/Chicago wheat futures spread in €/ton is -10.35 with:
EBMX3 @ €197 ; ZWZ3 @  $7.3525 ; EURUSD @ 1.3124


The Minneapolis/Chicago wheat futures spread in USd/bu is 211.50 with:
MEK2 @ $8.4125 ; ZWK2 @ $6.2975


The Kansas City/Chicago wheat futures spread in USd/bu is 15.75 with:
KEK2 @ $6.455 ; ZWK2 @ $6.2975


The Minneapolis/Kansas City wheat futures spread in USd/bu is 195.75 with:
MEK2 @ $8.4125 ; KEK2 @  $6.455

FranceAgrimer estimates for French Soft Wheat

Exports to be 16 million tons (15.59 million tons previously)
Stocks to be 2.09 million tons



CONAB's Monthly report on soy and corn.


Soybean crop to be 65.6 million tons (from 68.7 million tons)
Corn crop to be 65.1 million ton (from 61.7 million tons)
DTN Early Word Grains

BULL
1) Domestic and global corn ending stocks are expected to decrease in Tuesday's USDA reports.
2) South American soybean production is expected to be trimmed again decreasing global ending stocks. 
3) Wheat ending stocks are expected to be reduced slightly in Tuesday's reports.


BEAR
1) The corn market continues to struggle with short-term technical resistance levels.
2) Weaker national average soybean basis could be hinting at a slowdown in demand, even if only short-term.
3) Despite projected reductions in ending stocks, the fundamental situation in wheat is expected to remain bearish.

Copyright - DTN/The Progressive Farmer

Global Tenders - Recap:

The import-export market has showed a bit of activity lately, below is recap of the main recent tender and deals.

-Algeria tendered for 50,000 tons of durum wheat, Reuters wrote "Some traders said that with French durum relatively expensive and Mexican grain hampered by freight costs, Algeria may opt for Canadian durum" (full article)

-Lybia tendered for 30,000 tons of durum wheat.

-Japan tendered through its regular SBS mechanism for 120,000 tons of wheat and 200,000 tons of  barley.

-Iraq tendered for 50,000 tons of wheat.

-Jordan bought 50,000 tons of wheat.

-Egypt is tendering for an unspecified amount of wheat according to agrimoney.com
Russian Milling Wheat Prices


         3-grade     4-grade   Milling   Feed      Feed
         Wheat       Wheat     Rye       Wheat     Barley
--------------------------------------------------------------
Central  6,433       6,150     5,883     5,900     5,667
Russia   (unch.)    (-0.3%)    (unch.)   (0.3%)    (-0.3%)
--------------------------------------------------------------
Black    6,300       6,088     5,813     5,750     5,500
Earth    (unch.)     (0.2%)    (0.2%)    (-0.2%)   (unch.)
Area
--------------------------------------------------------------
North    7,000       6,817      -        6,367     6,250
Caucasus (-1.9%)     (-1.7%)    -        (-1.8%)  (-0.3%)
--------------------------------------------------------------
Volga    5,813       5,588     4,900     5,088     5,000
Area     (-0.9%)     (-1.3%)   (unch.)   (-1.5%)   (unch.)
--------------------------------------------------------------
Ural     4,913       4,589     4,250     4,200     4,069
Area     (-1.2%)     (unch.)   (unch.)   (-0.5%)   (0.5%)
--------------------------------------------------------------
West     5,217       4,917     4,450     4,583     4,483
Siberia  (0.7%)      (0.7%)    (unch.)   (0.7%)    (-0.8%)
--------------------------------------------------------------
SOURCE: Russia’s Grain Union.
Euronext/Liffe futures - Yesterday's volumes for Against Actuals (AA)

Milling wheat:
May2: 3,518 contracts
Nov2: 260 contracts

Rapeseed:
May2: 1,220 contracts
Aug2: 40 contracts
Nov2: 13 contracts

Corn: 
Jun2: 128 contracts
CBOT futures - Yesterday's main pit players:


Corn pit:
May2-July2 spread: 5,285 contracts


Soybean pit:
May2-July2 spread: 2,695 contracts


Wheat pit:
May2-July2 spread: 575 contracts
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