Ag Update_July 2009

8/14/2019 Ag Update_July 2009

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July 2009

Month Agrictra update

A Global Trading Summaryof Grain, Oilseed andLivestock Markets

Highlights Futures Options


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Monthly Agricultural Update

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CME GROUP HIGHLIGHTS

July 2009

Average daily volume for July 2009 Grain and Oilseed futures was 531,011 contracts,compared with 583,566 during July 2008, a decrease of 9.01 percent.

Average daily volume for July 2009 Grain and Oilseed options was 128,714 contracts,compared with 151,550 during July 2008, a decrease of 15.07 percent.

Average daily volume for July 2009 Oilseed complex futures was 251,644 contracts,compared with 273,534 during July 2008, a decrease of 8 percent.

Average daily volume for July 2009 Oilseed complex options was 52,378 contracts,

compared with 42,980 during July 2008, an increase of 21.87 percent.

Average daily volume for July 2009 Live Cattle and Lean Hog futures and optionswas 75,538 contracts, compared with 96,363 during July 2008, a decrease of 21.61percent.

Electronic average daily volume for July 2009 Live Cattle and Lean Hog futureswas 36,433 contracts, compared with 30,028 during July 2008, an increase of 21.33percent.

Since the start of side-by-side trading of Grain and Oilseed options on April 14, 2008, over1,294,000 options contracts have traded electronically, averaging about 3,900 contractsper day.

Grain and Oilseed Calendar Spread OptionsAdditional Listing Cycles

Listing cycles for CSO contracts now include additional non-

consecutive spreads for Corn, Wheat and Soybean options onfutures.

Learn more at www.cmegroup.com/cso.


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www.cmegroup.com

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July 2009

Contracts

$ Notional

($ Millions) Contracts

$ Notional

($ Millions)

Spot Month

Close on

31-Jul-'09

Spot MonthClose in

US$/MT

31-Jul-'09

20-Day

Historical

Volatility

Corn Futures ZC C 216,627 $3,677 882,162 $14,975 339 1/2 $133.66 42.25%

Mini Futures XC YC 596 $2 10,051 $34

Total Futures 217,223 $3,679 892,213 $15,009

Options 63,926 1,243,852

Wheat Futures ZW W 59,004 $1,558 324,580 $8,573 528 1/4 $194.10 29.82%

Mini Futures XW YW 266 $1 1,256 $7

Total Futures 59,270 $1,560 325,836 $8,580Options 12,313 268,663

Soybeans Futures ZS S 129,348 $7,334 391,411 $22,193 1134 $416.67 48.55%

Mini Futures XB YK 1,246 $14 22,417 $254

Total Futures 130,594 $7,348 413,828 $22,447

Options 42,822 540,230

Soybean Oil Futures ZL BO 70,176 $1,476 250,411 $5,268 35.06 $772.94 35.38%

Options 5,428 148,766

Soybean Meal Futures ZM SM 52,120 $1,882 171,850 $6,204 361.00 $397.93 46.40%

Options 4,122 76,853

Rough Rice Futures ZR RR 747 $21 9,313 $256 13.77 $303.47 19.76%

Options 49 2,770

Oats Futures ZO O 881 $9 14,616 $145 198 $114.87 32.66%

Options 48 2,559

Live Cattle Futures LE LC 38,881 $1,454 232,795 $8,704 84.7 11.93%

Options 4,811 196,586

Lean Hog Futures HE LH 29,276 $860 124,254 $3,652 56.02 35.15%

Options 2,570 76,019

Scorecard - Average Daily Volume and Open Interest Statistics

Average Daily Volume Open Interest

Ticker Symbols

Electronic - Pit


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0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Contracts

Combined Futures and OptionsGrain and Oilseed - Average Daily Volume

Options

Futures

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

Contracts

Corn and Wheat Futures - Average Daily Volume

Wheat

Corn


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0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Contracts

Soybean Complex Futures - Average Daily Volume

Soy Oil

Soy Meal

Soybeans

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Contracts

Oats and Rice Futures - Average Daily Volume

Rice

Oats


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5

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Contracts

Mini Grain and Oilseed Futures - Average Daily Volume

Mini Wheat

Mini Corn

Mini Soybeans

0

50,000

100,000

150,000

200,000

250,000

Contracts

Options - Average Daily Volume

Wheat

Soybean Complex

Corn


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0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Contracts

Corn Futures - Average Daily Volume by Trading Platform

Open Auction

Electronic

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Contracts

Wheat Futures - Average Daily Volume by Trading Platform

Open Auction

Electronic


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7

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

Contracts

Soybean Futures - Average Daily Volume by Trading Platform

Open Auction

Electronic

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Contracts

Soy Meal Futures - Average Daily Volume by Trading Platform

Open Auction

Electronic


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0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

Contracts

Soy Oil Futures - Average Daily Volume by Trading Platform

Open Auction

Electronic

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

Contracts

Live Cattle and Lean Hog Futures - Average Daily Volume

Lean Hog

Live Cattle


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0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Contracts

Lean Hog Futures - Average Daily Volume by Trading Platform

Electronic

Open Auction

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Corn and Wheat - Monthly Historical Volatility

Wheat Corn


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0%

10%

20%

30%

40%

50%

60%

70%

Live Cattle and Lean Hog - Monthly Historical Volatility

Live Cattle Lean Hog

0%

10%

20%

30%

40%

50%

60%

CFTC COT Report - Commodity Index FundsLong Positions as a Percent of Total Open Interest

Corn Wheat Soybeans SoyOil

Source: CFTC


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13

0%

10%

20%

30%

40%

50%

60%

70%

CFTC COT Report - Commodity Index FundsLong Positions as a Percent of Total Open Interest

Lean Hog Live Cattle

Source: CFTC

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

Contracts

Chicago Time

Average Hourly Electronic Volumes - All Hours - July 2009

Corn Futures

Wheat Futures

Soybean Futures

Soybean Meal Futures

Soybean Oil Futures

Live Cattle Fu tures

Lean Hog Futures


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0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Contracts

Chicago Time

Average Hourly Electronic Volumes - Non-US Hours - July 2009

Corn Futures

Wheat Futures

Soybean Futures

Soybean Meal Futures

Soybean Oil Futures

Live Cattle Futures

Lean Hog Futures

Disclaimer

Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, andbecause only a percentage of a contracts value is required to trade, it is possible to lose more than the amount of moneydeposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting theirlifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit onevery 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 ChicagoBoard of Trade are trademarks of The Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchangeand 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 everyattempt has been made to ensure the accuracy of the information within this presentation, CME Group assumes noresponsibility for any errors or omissions. Additionally, all examples in this presentation are hypothetical situations, used forexplanation 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 andCME Group rules. Current rules should be consulted in all cases concerning contract specifications.


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CME Group hEadquartErs

20 South Wacker Drive

Chicago, Illinois 60606

cmegroup.com

CME Group Global offiCEs

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Wngn d.C.

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New Yk

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[email protected]

800 331 3332

312 930 1000

Ag Update_July 2009

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