Pure Hedge – Grains

Bill AllenGeneral Commentary

10/6/23

Corn, Soybeans and Wheat were all down today, but were still up for the week. December’23 corn was down 5 1/2 cents today, and closed at 492, still up 15 1/4 cents for the week. Today’s high in corn was also the monthly high at 499. November’23 Soybeans were down 14 3/4 cents today but gained 9 cents for the week and settled at 1266. December’23 Wheat lost 10 cents today but gained 26 3/4 for the week, to settle at 568 1/4. The 1-month and 52-week low in December’23 wheat is 540. The WASDE Report is released next week on Thursday October 12th.

SOYBEAN CALLS

MONTHSTRIKEPRICECOST
NOV’23 12661300C8 1/8$406.25
1350C1 1/2$75
1400C1/2$25
1450C1/4$12.50
1500C1/8$6.25
ATM 1270c 19 1/8ATM STRADDLE 42 1/4EXPIRES 10/27/23
MAR’24 1299 1/41400C22 1/2$1,125
 1460C12 5/8$631.25
 1500C8 3/4$437.50
1560C5 1/4$262.50
1600C3 7/8$193.75
ATM 1300C 55 3/8ATM STRADDLE 111 1/2EXPIRES 2/23/24
JUL’24 1320 1/41400C46 3/4$2,337.50
1460C32 1/8$1,606.25
1500C24 7/8$1,243.75
1560C17$850
1600C13 1/4$662.50
ATM 1320C 75 7/8ATM STRADDLE 151 1/2EXPIRES 6/21/24

SOYBEAN PUTS

MONTHSTRIKEPRICECOST
NOV’23 12661200P3 1/2$175
1150P7/8$43.75
1100P3/8$18.75
1050P1/8$6.25
1000P 1/8$6.25
ATM 1270p 23 1/8ATM STRADDLE 42 1/4EXPIRES 10/27/23
MAR’24 1299 1/41200P18 3/8$918.75
 1160P10 3/4$537.50
 1100P 4 7/8$243.75
1060P 2 7/8$143.75
1000P 1 5/8$81.25
ATM 1300P 56 1/8ATM STRADDLE 111 1/2EXPIRES 2/23/24
JUL’24 1320 1/41260P47 5/8$2,381.25
1200P27 1/2$1,375
1160P18 3/8$918.75
1100P 9 3/4$487.50
1060P 6 3/8$318.75
ATM 1320P 75 5/8ATM STRADDLE 151 1/2EXPIRES 6/21/24

CORN CALLS

MONTHSTRIKEPRICECOST
DEC’23 492500C10 3/4$537.50
550C1 3/4$87.50
600C5/8$31.25
650C1/4$12.50
700C1/8$6.25
ATM 490C 15 1/8ATM STRADDLE 28 1/4EXPIRES 11/24/23
MAR’24 507 1/4550C9 5/8$481.25
 600C3 1/2$175
 650C1 3/4$87.50
700C1$50
750C5/8$31.25
ATM 510C 22 1/8ATM STRADDLE 47EXPIRES 2/23/24
JUL’24 520550C 23 1/2$1,175
600C11 7/8$593.75
650C6 3/8$318.75
700C3 3/4$187.50
750C2 3/8$118.75
ATM 520C 34 3/4ATM STRADDLE 69 1/2EXPIRES 6/21/24

CORN PUTS

MONTHSTRIKEPRICECOST
DEC’23 492475P7$350
450P2 1/8$106.25
425P3/4$37.50
400P1/4$12.50
350P1/8$6.25
ATM 510P 24 7/8ATM STRADDLE 47EXPIRES 11/24/23
MAR’24 507 1/4470P8 5/8$431.25
 450P4 1/2$225
 400P7/8$43.75
370P1/4$12.50
350P1/8$6.25
ATM 510P 24 7/8ATM STRADDLE 47EXPIRES 2/23/24
JUL’24 520470P 13 3/4$687.50
450P8 5/8$431.25
400P2 1/2$125
350P5/8$31.25
300P1/8$6.25
ATM 520P 34 3/4ATM STRADDLE 69 1/2EXPIRES 6/21/24

WHEAT CALLS

MONTHSTRIKEPRICECOST
DEC’23 568 1/4600C16$800
650C7$350
700C3 1/4$162.50
750C1 3/4$87.50
800C1 1/8$56.25
ATM 570C 26 1/4ATM STRADDLE 54 1/4EXPIRES 11/24/23
MAR’24 598650C25 1/4$1,262.50
 700C15 7/8$793.75
 750C10 3/8$518.75
800C7 1/8$356.25
850C5 1/8$256.25
ATM 600C 41ATM STRADDLE 84EXPIRES 2/23/24
JUL’24 634700C36 1/2$1,825
750C26 3/8$1,318.75
800C19 1/4$962.50
850C14 1/2$725
900C11 1/8$556.25
ATM 630C 58 1/2ATM STRADDLE 113 1/8EXPIRES 6/21/24

WHEAT PUTS

MONTHSTRIKEPRICECOST
DEC’23 568 1/4550P17 7/8$893.75
525P9$450
500P4$200
450P3/4$37.50
400P1/8$6.25
ATM 570P 28ATM STRADDLE 54 1/4EXPIRES 11/24/23
MAR’24 598550P19$950
 500P6 3/8$318.75
 450P1 7/8$93.75
400P1/2$25
350P1/8$6.25
ATM 600P 43ATM STRADDLE 84EXPIRES 2/23/24
JUL’24 634600P38 3/4$1,937.50
550P19 1/8$956.25
500P7 7/8$393.75
450P2 3/4$137.50
400P1$50
ATM 630P 54 5/8ATM STRADDLE 113 1/8EXPIRES 6/21/24