International Grains Monthly Update October 2019 2019 CME
International Grains Monthly Update October 2019 © 2019 CME Group. All rights reserved.
BWF and BCF volume in September ‘ 19 Black Sea wheat volume in August ‘ 19: futures 11, 021 lots, options 2, 048 lots; open interest (across F&O) of 18, 939 lots at month-end, Black Sea corn (BCF) in August ‘ 19: 600 lots © 2019 CME Group. All rights reserved. 2
BWF vs. Chicago Wheat and KC Wheat – Dec’ 19 Correlation Black Sea Premium Market volatility © 2019 CME Group. All rights reserved. 3
BCF vs. Chicago Corn – Dec’ 19 Correlation Black Sea Premium Market volatility © 2019 CME Group. All rights reserved. 4
Options Watch Black Sea wheat option strike/ expiry month: Open Interest as of September 30 th, 2019 © 2019 CME Group. All rights reserved. 5
Commitments of Traders (as of September 24 th, 2019) © 2019 CME Group. All rights reserved. 6
Disclaimer Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1 a(18) of the Commodity Exchange Act. Futures and swaps each are leveraged investments and, because only a percentage of a contract's value is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade. All references to options refer to options on futures. Any research views expressed those of the individual author and do not necessarily represent the views of the CME Group or its affiliates. The information within this presentation has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. All examples are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and are superseded by official rulebook of the organizations. Current rules should be consulted in all cases concerning contract specifications CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and Clear. Port are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Copyright © 2019 CME Group. All rights reserved.
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