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CME Livestock Daily Options Report

By: PJ Quaid, Senior VP, Agricultural Commodities

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President Trump announced the immediate declassification of election-related intelligence during his primetime address, alleging that China sought to undermine his 2020 campaign, obtained U.S. voter information and explored ways to influence the election. He also warned that foreign adversaries could exploit vulnerabilities in voting machines and voter-registration systems, cited more than 275,000 suspected noncitizen registrations across four states, criticized networks that declined to broadcast the speech and urged Congress to pass the SAVE America Act. However, Trump did not present evidence that votes or results were altered, and a 2021 U.S. intelligence assessment concluded that no foreign government successfully changed ballots, registrations, tabulations or election results in 2020.  

 

Brazil is reportedly preparing a firm response to new U.S. tariffs, although Vice President Geraldo Alckmin stressed that Brazil’s reciprocity law is a legal trade-defense mechanism rather than retaliation. Alckmin called the tariffs unfair and unreasonable, noting that the United States already maintains a trade surplus with Brazil. The dispute raises the risk of escalating trade tensions, with Brazil potentially targeting U.S. products or taking the matter through formal legal and diplomatic channels.

China’s foreign-exchange regulator reported that foreign investment into the country produced net inflows during the first half of the year, while Chinese investment overseas continued to expand steadily. Beijing also plans to introduce additional measures to simplify cross-border investment and financing and has approved fresh QDII quotas, allowing more domestic capital to be invested in overseas markets. The announcement signals China’s continued effort to attract foreign capital while gradually expanding access to international investments.

Japanese Finance Minister Satsuki Katayama declined to discuss specific exchange-rate levels but reiterated that authorities are prepared to respond appropriately to excessive currency movements at any time. Her warning that Japan is ready to take decisive action keeps the risk of direct intervention elevated, particularly if yen weakness becomes disorderly or accelerates rapidly.

 

image-20260717064243-1

 

Overnight option activity 

Corn

B 100 z 430 p 9 1/2

B 200 sd u 500 c 3 7/8 

B 250 z 500/550 cs 6 3/4

S 1000 sd q 460 c 7

 

Beans

B 100 sd q 1210 c 6 1/4

S 100 x 1160 p 21 5/8 

S 1000 x 1200 c 43 7/8 to 43

S 500 x 1190 p 38

S 400 x 1400 c 4 1/8 

S 200 x 1120 p 10 3/4

B 200 x 1300 c 11 1/4

 

On a block

B 750 h 1180 p 38 ¾ vs 1208 1/2

 

Soymeal

B 300 u 335 c 3.00 vs 317.5

S 500 u 310p/320c strangles 10.65 vs 317.5

B 1000 q 310/295 ps .55 vs 320.5

 

On a block 

B 300 u 315 p 6.50

 

Wheat

B 200 q 670/640 ps vs s 725 c 6 ¾ db

S 200 u 600 c 79

S 300 u 630/590 ps 8

B 400 u 600 p 5 to 5 1/4

 

Kc wheat

B 100 u 740 c 27

 

Open interest changes

Corn

Dec 490 call sale was closing.  Sept 430/410 ps buy was new.

 

Beans

Short sept 1150 put buy, short sept 1180 put sale and march 1260/1320 call spread buys were new. Sept 1170 put buy and nov 1200/1300 call spread sales were closing. Nov 1180/1220 call spread sale was rolling a long.

 

Soymeal

Aug 320 call sale was closing.  Sept 325 call buy and sept 350 call sales were new.

 

Live cattle

Aug 228 call sale was new. Aug 240/230 put spread buy was rolling a short.

 

Vols

Corn

image-20260717064243-2

Beans

image-20260717064243-3

Soymeal

image-20260717064243-4

Bean oil

image-20260717064243-5

Wheat

image-20260717064243-6

Kc wheat

image-20260717064243-7

Miax wheat

image-20260717064243-8

Oats

image-20260717064243-9

Rough rice

image-20260717064243-10

Cotton

image-20260717064243-11

Canola

image-20260717064243-12

Feeder cattle

image-20260717064243-13

Live cattle

image-20260717064243-14

Lean hogs

image-20260717064243-15

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