



Soybean markets have shown significant activity with various trading strategies being executed. Traders are engaging in substantial buying and selling of put and call spreads, straddles, and other options. Notably, there have been large transactions involving 2700 F 1000-1040 put spreads, 2000 F 1000-1040 call spreads, and F 1100 calls. The market has also seen a breakout, with soybeans reaching $10.42, the early August highs, and potentially moving towards the $10.70 to $10.80 range. The volatility in soybean options has increased, with the X 1040 straddle showing a 1.4% rise in volatility to 18.1%. Additionally, the X 1050 straddle has a volatility of 19.3%, up 0.7%. Significant purchases include 1000 F 1000 straddles and 1300 F 1020 straddles.
Z #soyoil trading at 2 month high. Momentum/trend remain friendly with Jun POC sitting at 43.84. Testing 50%R today on better macro feel, ie China & crude strength. 🌱 https://t.co/IQdlXvGVww
#Soybeans : X finding bids and breaking the 1055's higher. Next tgt @ 1060.4, R1 @ 1076 & 100 dma´s 1084 #oatt https://t.co/cctPNCVo5g
X 1050 straddle 47.2-47.6 @ 19.3% vol +0.7% #soybeans GOOD MORNING