top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tidbits, Put Options Strategy Explanation, Seasonals & Cocoa 2/18/24

Tidbits


CBOT markets will not open until Monday evening.


NOAA released its monthly 3-month long-range outlook for the US, joining several private services predicting warmer temperatures for the summer and potential dryness for the Western Corn Belt.  

 

Baker-Hughes reported there were 621 oil and gas drilling rigs in operation last week in the USA, 2 less than the previous week and 139 less than a year ago. Canada had 234 rigs drilling, 2 more than the previous week, but 14 less than a year ago.  

 

CGB at Gladstone Bluff, Illinois (on The River) Friday evening compared to a week ago:

  • Cash corn: -16H (Mar), 2¢ firmer than 4 weeks ago

  • Cash beans: -13H, 14¢ firmer than 4 weeks ago

March delivery:

  • Corn: -12H, 4  weaker than 4 weeks ago

  • Beans: -6H, steady

Fall delivery:

  • Corn: -40Z

  • Beans: -42X

 

Seasonals & Puts


For those of you that have no interest in trading cocoa puts, the decision-making process of when and which puts to buy is the same for every commodity.

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Comentarios

No se pudieron cargar los comentarios
Parece que hubo un problema técnico. Intenta volver a conectarte o actualiza la página.
bottom of page