Sep 20, 2014
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The Grain Report

RSS By: Sean Lusk, AgWeb.com

Market updates from Walsh Trading.

DAN BURKE'S DAILY OPTION RUN 09/13/13

Sep 13, 2013

DAN BURKE'S DAILY OPTION RUN 09/13/13

GRAINS

MACRO OUTLOOK:  Happy Friday, traders.  I am going to be short and simple when talking about the grains again.  Yesterday’s crop report issued bullish data for Beans, bearish data for corn and neutral data for wheat.  In Nov beans, I was shocked the market didn’t even test the 1408 level today.  My attention will be focused on whether beans can take out 1408 on Monday.  If not, we could be entering into the harvest season.  Please remember that support is at 1335 and resistance is at  1408/1425.  In Dec corn, today’s settle below 460 makes another case for the bear.  Resistance can be found at 472, while support can be found at 424.  I believe the Dec corn will move lower to 420.  Please keep in mind while looking below--commissions and fees are not included in the cost of the option.

SOYBEAN HEDGE OPPORTUNITIES

PRODUCERS

OCT '13

NOV '13

JAN '14

MAR '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

1370P

10.3

518.75

1340P

20.0

1000.0

1220P

7.4

375.0

1200P

16.2

812.5

1350P

5.7

293.75

1320P

14.5

731.25

 

 

 

 

 

 

1330P

3.2

162.50

1300P

10.6

537.5

 

 

 

 

 

 

END USERS

OCT '13

NOV '13

JAN '14

MAR '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

1420C

11.7

593.75

1450C

24.4

1225.0

1540C

19.5

981.25

1600C

16.4

825.0

1440C

7.2

362.5

1470C

19.4

975.0

 

 

 

 

 

 

1460C

4.2

212.5

1490C

15.4

775.0

 

 

 

 

 

 

 

CORN HEDGE OPPORTUNITIES

PRODUCERS

OCT '13

DEC '13

MAR '14

JUL '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

460P

9.1

456.25

435P

10.1

506.25

410P

7.7

393.75

400P

8.6

437.5

440P

3.1

156.25

420P

6.2

312.50

 

 

 

 

 

 

420P

.7

43.75

400P

3.1

156.25

 

 

 

 

 

 

END USERS

OCT '13

DEC '13

MAR '14

JUL '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

500C

1.4

75.0

535C

4.2

212.50

630C

2.7

143.75

700C

3.6

187.50

510C

.7

43.75

550C

3.0

150.0

 

 

 

 

 

 

520C

.4

25

560C

2.3

118.75

 

 

 

 

 

 

 

WHEAT HEDGE OPPORTUNITIES

PRODUCERS

OCT '13

DEC '13

MAR '14

JUL '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

630P

6.1

306.25

605P

10.1

506.25

550P

4.4

225.0

550P

11.5

593.75

620P

3.2

162.50

590P

6.2

312.50

 

 

 

 

 

 

615P

2.2

112.50

580P

4.3

218.75

 

 

 

 

 

 

END USERS

OCT '13

DEC '13

MAR '14

JUL '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

680C

1.4

75.00

720C

6.1

306.25

810C

6.7

343.75

850C

9.6

487.50

690C

.7

43.75

730C

5.1

256.25

 

 

 

 

 

 

700C

.4

25

750C

4.1

206.25

 

 

 

 

 

 

RISK DISCLOSURE: THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES AND OPTIONS TRADING.  THIS REPORT IS A SOLICITATION FOR ENTERING A DERIVATIVES TRANSACTION AND ALL TRANSACTIONS INCLUDE A SUBSTANTIAL RISK OF LOSS. THE USE OF A STOP-LOSS ORDER MAY NOT NECESSARILY LIMIT YOUR LOSS TO THE INTENDED AMOUNT.  WHILE CURRENT EVENTS, MARKET ANNOUNCEMENTS AND SEASONAL FACTORS ARE TYPICALLY BUILT INTO FUTURES PRICES, A MOVEMENT IN THE CASH MARKET WOULD NOT NECESSARILY MOVE IN TANDEM WITH THE RELATED FUTURES AND OPTIONS CONTRACTS.

Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The views and opinions expressed in this letter are those of the author and do not reflect the views of Walsh Trading Inc. or its staff.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Walsh Trading Inc. Copyright © Walsh Trading Inc.

In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index. Support refers to an area on a chart where buy orders may be clustered. Resistance is an area where there may be sell orders.  Fibonacci retracement is named after a 12th century Italian mathematician and based on the theory that prices rise or fall by predictable amounts after reaching a high or low.

For more market information, Dan can be reached at 312.957.8248 or via e-mail at dburke@walshtrading.com.

Stay Green!  Go Paperless and fill out this online application in order to trade Futures and Options------https://accountforms.rcgdirect.com/

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