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Wednesday, September 20, 2023

Chicago Board Of Trade Prices

Dealing With Futures Contracts

Role of CBOT in determining local cash prices | Understanding the commodity markets

A holder of buy or sell futures contracts has several choices of how to deal with the legal obligations of a futures contract before the last trading day of the delivery month. The 2 most common ways of dealing with futures contracts are:

  • offset the contract by taking an opposite futures position in the same month of that same commodity futures, or
  • the sell futures position holder actually makes delivery of the physical commodity to a buy futures position holder and a buyer takes delivery of the commodity, called making and taking delivery
  • Subject to rules established by the exchange, the sell position holder initiates delivery of the actual commodity against a futures contract. The threat of physical delivery is meant to drive convergence between the futures price and the cash price in the delivery month. However, although physical delivery regularly occurs to a limited extent with CME group contracts, delivery against an ICE canola futures contract is difficult at best because of way the contract is written. The vast majority of futures contracts are dealt with by an offsetting trade.

    Soybeans: Prices Rise Sharply In Br Following The Rise Of The Dollar Stable Chicago

    The USDA reported a new sale of 106,000 tons of soybeans to China this Wednesday . Sales made on the same day, to the same destination and with a volume equal to or greater than 100,000 tons must always be reported to the US department.

    China continues to look for soybeans to cover its domestic demand and the needs of its processing industries, which have low stocks, while soybean meal sales remain strong in the Asian nation.

    The news, however, was insufficient to spur stronger gains and oilseed futures ended the day with small losses on the Chicago Board of Trade. The most-traded positions closed this Wednesdays trading session with small increases of 0.75 to 2.50 points, taking November to US$ 12.79 and March to US$ 12.95 per bushel.

    The fuel that could come from the new Chinese purchase ended up finding limits in American terminals still out of operation on the Mississippi River after the passage of hurricane Ida, the favorable climate for the conclusion of the American harvest and the caution that the market tends to adopt before the arrival of the new monthly supply and demand bulletin from the USDA this Friday, September 10th.

    In addition, the market still found room for a small recovery in prices after the lows recorded in the previous session, when Chicago ended Tuesday with more than 1% drop.


    The producer is selling from hand to mouth, explains Sousa.

    Cboe Equity Option Volume Archive

    Cboe Equity Option Volume Archive files are in .xls format. To save these files locally, right click and select “Save Target As” or “Save Link As”, as the case may be. These data files will open quickly in compatible spreadsheet programs, and can be sorted according to your personal specifications.

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    PLEASE NOTE: 2006 and 2007 Equity Option Volume files are sorted by TOTAL AVERAGE DAILY VOLUME .

    Starting September 2019, historical equity options volume can be acquired through the Historical Options Data download webpage.

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    Notes & Data Providers

    Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright © FactSet Research Systems Inc. All rights reserved. Source: FactSet

    Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Source: FactSet

    Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones

    Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones

    ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones

    Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon

    Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon

    Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk , Kraken

    Calendars and Economy:Actual numbers are added to the table after economic reports are released. Source: Kantar Media

    Commodities: Prices Of Soybean Futures Tumble In Chicago As Trade Takes Profits Wheat Is Buoyed By Export Deals Maine Potatoes Show Drop London Market Helps Lift Copper Contracts

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    Heavy profit taking sent soybean futures prices tumbling yesterday on the Chicago Board of Trade. The declines brought prices back to the level of Monday morning.

    Export business buoyed wheat and rye, while the feed grains declined.

    The final bell found soybean futures down to 2¾ cents a bushel wheat, up ¾ to 1¼ cents corn, down to l oats, down to ½, and rye, up to ¾ cent.

    Selling in soybeans was touched off about midsession by weather reports forecasting showers for most of the Midwest.

    Recent sales by the Government of loandefaulted soybeans has tended to add to the supply, traders noted.

    As soybean futures declined, they set off orders to buy, and an upward trend developed near the close.

    Wheat was bid up on good export business booked through September. These orders included 5 million bushels to Pakistan, 3 million to India, and the possibility of about 4 million bushels to Brazil.

    The advance in wheat was given impetus by short covering. Corn was depressed by the weather report.

    Continued profit taking lowered prices of Maine potato futures by 4 to 7 cents a 100 pounds. The declines were not considered unusual in view of the almost unbroken rise in prices since the first of the month. The biggest loss was in the May delivery, which was the most active contract.

    The interest in futures was ascribed to their much lower quotations, which include 72 cents for freight between Maine and New York City.

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    Us Agricultural Futures Close Mixed

    2021-09-15 04:43:18Editor: huaxia

    CHICAGO, Sept. 14 — Chicago Board of Trade agricultural futures closed mixed on Tuesday, with corn and wheat rising and soybean slipping slightly.

    The most active corn contract for December delivery rose 7 cents, or 1.36 percent, to settle at 5.2025 U.S. dollars per bushel. December wheat soared 13.75 cents, or 2 percent, to settle at 7.0075 dollars per bushel. November soybean slipped 2.25 cents, or 0.18 percent, to settle at 12.825 dollars per bushel.

    A smaller French wheat crop, a smaller Canadian wheat crop, and early U.S. corn yield trends that are disappointing relative to field checks and producer expectations have lifted CBOT prices. World wheat and corn exporter stock/use ratios are record low, and the world is counting on the U.S. corn and soybean crop to pressure FOB valuations. Chicago-based research company AgResource holds that the downside price risk is limited.

    Though the tone of the CBOT is more bullish than any day since late August, AgResource also warned that seasonal lows often occur over weeks, while summer highs can occur in a day.

    Statistics Canada estimated its 2021 crops to be down sharply following an acute summer drought with production losses of 28 percent to 70 percent when compared to 2020.

    Statistics Canada also dropped 2021 all wheat estimate to 21.7 million metric tons compared to early season estimates of 32 million to 33 million metric tons and last year’s harvest of 35.2 million metric tons.

    Recent Convergence Performance Of Cbot Corn Soybean And Wheat Futures Contracts

    Futures markets play a key role in price discovery and risk transfer in many agricultural markets. Concerns have been raised about the performance of Chicago Board of Trade grain futures contracts in a number of recent forums, most prominently at the Agricultural Forum hosted by the Commodities Futures Trading Commission on April 22nd, 2008. Market participants have expressed concern that futures prices have been artificially inflated since the Fall of 2006, contributing to weak and erratic basis levels and a lack of convergence of cash and futures prices during delivery. In this article, we focus on the nature and consequences of recent convergence problems in CBOT corn, soybean and wheat futures contracts. We also briefly comment on proposals for changing the contracts to address the problems that have surfaced recently.

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    What Is The Chicago Board Of Trade

    The Chicago Board of Trade is a commodity exchange established in 1848. The Chicago Board of Trade originally traded only agricultural commodities such as wheat, corn, and soybeans. Now it offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds, and energy.

    Us Grain And Oilseed Review: Canola Down With Cbot Soy Oil

    Mike Forrester Reflects on 50-years of trading at the CBOT

    Winnipeg, May 12 ICE Futures Canada canola contracts were weaker on Thursday, pressured by spillover losses in Chicago Board of Trade soy oil and soybeans.

    CBOT soybeans were weaker on Thursday after export data from the United States Department of Agriculture.

    Soys export sales fell 74 per cent from last weeks levels, which is bearish.

    The Canadian dollar gained ground against its US counterpart on Thursday, supported by US crude supply data.

    Gains in the loonie have a bearish effect on canola as it makes the commodity less affordable to foreign buyers.

    Traders say farmers have increased selling due to higher prices, which added to the declines.

    Beneficial rains in parts of Manitoba and Saskatchewan eased some trader-concerns, but dryness in Alberta continues to underpin the market, which limited losses.

    About 37,866 canola contracts were traded on Thursday, which compares with Wednesday when 48,339 contracts changed hands.

    Milling wheat was revised higher after the close, while durum and barley were untraded and unchanged.

    Settlement prices are in Canadian dollars per metric tonne.

    SOYBEAN futures continued to correct lower Thursday, falling 4 to 7 cents per bushel, on the heels of a massive rally earlier in the week.

    Some traders took light profits, according to a report.

    The Rosario grain exchange in Argentina slashed its 2015/16 soybean crop projection to 55 million tonnes. That is 4 million tonnes less than its initial projection.


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    Chicago Board Of Trade Building

    Since 1930, the Chicago Board of Trade has been operating out of 141 West Jackson Boulevard, Chicago, in a building designed by architectsHolabird & Root that is 605 feet tall, the tallest in Chicago until the Richard J. Daley Center superseded it in 1965. This Art Deco building incorporates sculptural work by Alvin Meyer and is capped by a 31-foot tall statue of the Roman goddessCeres in reference to the exchange’s heritage as a commodity market. Ceres is often claimed to be faceless because its sculptor, John Storrs, believed that the forty-five story building would be sufficiently taller than any other nearby structure and as a result that no one would be able to see the sculpture’s face anyway. However, this popular rumor was disproved, with the sculptor intending to give the statue an ethereal and god-like look by being faceless.

    On May 4, 1977, the Chicago Board of Trade Building was designated a Chicago Landmark. The building is now a National Historic Landmark. Today the Board of Trade Building is closely joined by numerous skyscrapers in the heart of Chicago’s busy Loop commercial neighborhood.

    Delivery Or Price Reference Points

    Delivery or price reference points are important for the proper functioning for each futures contract. These physical locations are designated by the exchange. For example, the ICE canola contract prices physical delivery of Canada canola free-on-board at primary delivery points in eastern Saskatchewan, with additional delivery points across the Canadian prairies.

    This price reference point is referred to as the FOB Par region. This means that all buyers and sellers of ICE canola futures know that they are negotiating a price for canola at or within the Par region.

    Find other discounts or premiums based on transportation costs on the ICE website.

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    Chicago Corn Soybean Futures Bounce On Technical Buying Potential Export Demand

    in Commodity News18/10/2021

    Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said.

    Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department of Agriculture on Tuesday.

    For the third consecutive day, U.S. exporters sold soybeans either to China or unknown destinations. U.S. exporters sold 132,000 tonnes of soybeans to China for the 2021/2022 marketing year, the USDA said on Friday.

    Exporters also sold 396,000 tonnes of soybeans for delivery to unknown destinations during the 2021/2022 marketing year, the agency said. USDA also said exporters sold another 326,750 tonnes of soybeans, received during the reporting period, for delivery to unknown destinations during the 2021/2022 marketing year.

    The most-active Chicago Board of Trade soybeans were up 0.99% at $12.18-1/4 by 12:46 p.m. EDT , while corn was up 2.08% at $5.27-1/2 a bushel.

    But even with Fridays price bump, CBOTs most-active soybean contract was poised to end the week down for the third consecutive time.

    Still, analysts and traders say they will be focused less on supply, and more on demand and how weather is impacting harvests and South American production, in the coming weeks.

    The most-active wheat contract on the Chicago Board Of Trade was up 1.62% at $7.36-1/2 a bushel.Source: Reuters

    Corn Soybean Futures Reach Six

    Chicago Board of Trade Owners Refinance 90

    CHICAGO, ILLINOIS, US Worries about dry weather in Argentina attracted speculative buyers to soybean and corn futures, causing prices to reach 6-1/2 highs on Jan. 6, Reuters reported.

    Chicago Board of Trade March soybeans were 14½¢ higher at about $13.61½ per bushel after earlier hitting $13.78¼ on a continuous chart of the most-active contract since June 2014.

    CBOT March corn added 3¼¢ to $4.95 per bushel after reaching $5.02¾ in mid-session trading, the highest benchmark corn price since May 2014.

    Along with dry weather in Argentina, labor issues are causing supply concerns, Reuters said.

    The CME Group, parent of the CBOT, said it would raise the margins to trade its soybean, corn and wheat futures after the close on Jan. 6.

    We have shaken some shorts out of the market with the CME increasing their If we continue to see a rally in this market, margins could potentially go up again, Terry Reilly, senior analyst with Futures International, told Reuters.

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