Floor Talk, March 2, 2022

[marketeye]

At the close:

Wheat remained at limit up, corn and soybeans closed lower.

One trader says the market action for corn, wheat was wild, today.

"I have been buried in the market today and haven't been able to lift my head. Someone bought 18k Sept $7.50/$8.50 call spreads in corn. May wheat traded up to $11.40, synthetically. So, it has been a wild ride."

Mike 

[rickgthf]

... expected to ship in the near-term and won't?  How much corn will Argentina not ship this spring because they don't have it?

[k-289]

Mike   -   $1.50   fat  cattle  this  week  -  2  years  back  $1.10  -  says  what  -  ?