AGRICULTURE June 214 Monthly Agricultural Review A Global Trading Summary of Grain, Oilseed and Livestock Markets» Highlights» Futures» Options How the world advances
Monthly Agricultural Review AGRICULTURAL TRADING HIGHLIGHTS June 214 Average daily volume for June 214 Grain and Oilseed futures was 815,14 contracts, compared with 85,523 during June 213, an increase of 1.18 percent. Average daily volume for June 214 Grain and Oilseed options was 165,928 contracts, compared with 173,861 during June 213, a decrease of 4.56 percent. Average daily volume for June 214 Oilseed complex futures was 378,149 contracts, compared with 384,864 during June 213, a decrease of 1.74 percent. Average daily volume for June 214 Oilseed complex options was 66,42 contracts, compared with 66,833 during June 213, a decrease of.64 percent. Electronic average daily volume for June 214 Grain and Oilseed options was 87,46 contracts, compared with 82,26 during June 213, an increase of 6.62 percent. Average daily volume for June 214 Live Cattle and Lean Hog futures and options was 131,993 contracts, compared with 114,893 during June 213, an increase of 14.88 percent. Electronic average daily volume for June 214 Live Cattle and Lean Hog futures was 87,382 contracts, compared with 87,354 during June 213, an increase of.3 percent. Electronic average daily volume for June 214 Live Cattle and Lean Hog options was 25,118 contracts, compared with 1,333 during June 213, an increase of 143.9 percent. 1
www.cmegroup.com Scorecard - Average Daily Volume and Open Interest Statistics June 214 Ticker Symbols Electronic - Pit Average Daily Volume Contracts $ Notional ($ Millions) Contracts Open Interest $ Notional ($ Millions) Spot Month Close on 3-June-'14 Spot Month Close in US$/MT 3-June-'14 2-Day Historical Volatility Corn Futures ZC C 317,991 $6,658 1,289,12 $26,991 418 3/4 $164.85 28.72% Mini Futures XC YC 613 $3 8,758 $37 Total Futures 318,64 $6,661 1,297,86 $27,27 Options 86,594 1,43,219 Wheat Futures ZW W 114,879 $3,317 367,999 $1,626 577 1/2 $212.19 21.5% Mini Futures XW YW 417 $2 1,492 $9 Total Futures 115,296 $3,32 369,491 $1,635 Options 21,329 266,189 Soybeans Futures ZS S 187,115 $12,441 598,141 $39,769 1329 3/4 $488.6 17.97% Mini Futures XB YK 99 $12 21,188 $282 Total Futures 188,24 $12,453 619,329 $4,51 Options 54,78 672,793 Soybean Oil Futures ZL BO 14,756 $2,448 31,69 $7,261 38.95 $858.7 23.8% Options 7,868 133,59 Soybean Meal Futures ZM SM 86,279 $3,716 31,696 $12,994 43.7 $474.77 21.22% Options 9,49 192,893 Rough Rice Futures ZR RR 1,127 $31 8,455 $229 13.57 $299.17 14.88% Options 15 2,11 Oats Futures ZO O 928 $15 7,193 $116 323 1/4 $187.54 21.65% Options 68 2,39 Live Cattle Futures LE LC 53,649 $2,6 256,366 $9,586 15.8 15.89% Options 19,749 298,672 Lean Hog Futures HE LH 44,641 $1,312 238,7 $7,15 132.83 18.1% Options 13,954 243,87 2
Contracts Contracts Monthly Agricultural Review Grain and Oilseed Combined Futures and Options - Average Daily Volume Futures Options 1,4, 1,2, 1,, 8, 6, 4, 2, Corn and Wheat Futures - Average Daily Volume 6, Corn Wheat 5, 4, 3, 2, 1, 3
Contracts Contracts www.cmegroup.com Soybean Complex Futures - Average Daily Volume Soybeans Soybean Meal Soybean Oil 6, 5, 4, 3, 2, 1, Oats and Rice Futures - Average Daily Volume 8, Oats Rough Rice 7, 6, 5, 4, 3, 2, 1, 4
Contracts Contracts Monthly Agricultural Review Mini Grain and Oilseed Futures - Average Daily Volume Mini Soybeans Mini Corn Mini Wheat 6, 5, 4, 3, 2, 1, 35, Options - Average Daily Volume Corn Soy Complex Wheat 3, 25, 2, 15, 1, 5, 5
Contracts Contracts www.cmegroup.com Live Cattle and Lean Hog Futures - Average Daily Volume 14, Live Cattle Lean Hogs 12, 1, 8, 6, 4, 2, Live Cattle and Lean Hog Options - Average Daily Volume Live Cattle Lean Hogs 4 35 3 25 2 15 1 5 6
Contracts Contracts Monthly Agricultural Review Corn and Wheat Electronic Futures - Average Daily Volume Corn Electronic ADV Corn % Electronic ADV Wheat Electronic ADV Wheat % Electronic ADV 4 35 3 25 2 15 1 5 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Soybean Complex Electronic Futures - Average Daily Volume 3 Soybeans Electronic ADV Soybean Meal Electronic ADV Soybeans % Electronic ADV Soybean Oil Electronic ADV Soybean Meal % Electronic ADV Soybean Oil % Electronic ADV 12% 25 1% 2 8% 15 6% 1 4% 5 2% % 7
Contracts Contracts www.cmegroup.com Live Cattle and Lean Hog Electronic Futures - Average Daily Volume Live Cattle Electronic ADV Lean Hog % Electronic ADV Lean Hog Electronic ADV Live Cattle % Electronic ADV 7 1% 6 5 9% 8% 7% 4 3 6% 5% 4% 2 1 3% 2% 1% % Corn and Wheat Electronic Options - Average Daily Volume Corn Electronic ADV Corn % Electronic ADV Wheat Electronic ADV Wheat % Electronic ADV 7 1% 6 5 4 3 2 1 9% 8% 7% 6% 5% 4% 3% 2% 1% % 8
Contracts Contracts Monthly Agricultural Review Soybean Complex Electronic Options - Average Daily Volume 5 Soybean Electronic ADV Soybean Oil Electronic ADV Soybean % Electronic ADV Soybean Meal Electronic ADV Soybean Meal % Electronic ADV Soybean Oil % Electronic ADV 7% 45 4 6% 35 5% 3 25 2 4% 3% 15 1 5 2% 1% % Live Cattle and Lean Hog Electronic Options - Average Daily Volume Live Cattle Electronic ADV Lean Hog % Electronic ADV Lean Hog Electronic ADV Live Cattle % Electronic ADV 16 9% 14 8% 12 1 8 6 4 7% 6% 5% 4% 3% 2% 2 1% % 9
www.cmegroup.com 9% Corn and Wheat Monthly Historical Volatility - Spot Month Wheat Corn 8% 7% 6% 5% 4% 3% 2% 1% % Soybeans Complex Monthly Historical Volatility - Spot Month 7% Soybeans Soybean Meal Soybean Oil 6% 5% 4% 3% 2% 1% % 1
Monthly Agricultural Review Rough Rice and Oats Monthly Historical Volatility - Spot Month Rough Rice Oats 8% 7% 6% 5% 4% 3% 2% 1% % Live Cattle and Lean Hog Monthly Historical Volatility - Spot Month Live Cattle Lean Hog 7% 6% 5% 4% 3% 2% 1% % 11
Contracts Contracts www.cmegroup.com Average Hourly Electronic Volumes - All Hours - June 214 18, 16, 14, 12, 1, Lean Hog Futures Live Cattle Futures Soybean Oil Futures Soybean Meal Futures Soybean Futures Wheat Futures Corn Futures 8, 6, 4, 2, Chicago Time Average Hourly Electronic Volumes - Extended Trading Hours - June 214 2, 18, Lean Hog Futures Soybean Oil Futures Soybean Futures Corn Futures Live Cattle Futures Soybean Meal Futures Wheat Futures 16, 14, 12, 1, 8, 6, 4, 2, Chicago Time 12
Open Interest - Contracts Open Interest - Contracts Monthly Agricultural Review CFTC COT Report - Corn Futures Open Positions - Long 9, 8, Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% 35% 7, 6, 5, 4, 3, 2, 1, 3% 25% 2% 15% 1% 5% % Source: CFTC 35, CFTC COT Report - Wheat Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 6% 3, 5% 25, 2, 15, 1, 5, 4% 3% 2% 1% % Source: CFTC 13
Open Interest - Contracts Open Interest - Contracts www.cmegroup.com 4, CFTC COT Report - Soybean Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% 35, 35% 3, 3% 25, 25% 2, 2% 15, 15% 1, 1% 5, 5% % Source: CFTC 16, 14, CFTC COT Report - Soybean Meal Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 45% 4% 12, 1, 8, 6, 4, 2, 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 14
Open Interest - Contracts Open Interest - Contracts Monthly Agricultural Review CFTC COT Report - Soybean Oil Futures Open Positions - Long 2, Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% 18, 16, 14, 12, 1, 8, 6, 4, 2, 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 3, CFTC COT Report - Live Cattle Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 45% 25, 2, 15, 1, 5, 4% 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 15
Open Interest - Contracts www.cmegroup.com 2, 18, CFTC COT Report - Lean Hog Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 45% 4% 16, 14, 12, 1, 8, 6, 4, 2, 35% 3% 25% 2% 15% 1% 5% % Source: CFTC Disclaimer Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, 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 a futures 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 they cannot expect to profit on every trade. All references to options refer to options on futures. The Globe logo, CME and CME Group are trademarks of Chicago Mercantile Exchange, Inc. CBOT and Chicago Board of Trade are trademarks of The Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are 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. The information within this presentation has been compiled by CME Group for general purposes only. Although every attempt has been made to ensure the accuracy of the information within this presentation, CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this presentation 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 CME, CBOT and CME Group rules. Current rules should be consulted in all cases concerning contract specifications. 16
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