MWC Marketing Hour Round Table Update

As you know we have our weekly marketing meetings every Wed in Onida.  It is open to anyone who would like to attend; we go threw charts, talk about fundamentals for our grain markets, and lastly do some mock trading.  Since the start of Sept our Mock trading particpates have book about $109,671 in profits.  Which is rather impressive considering the fact that most of the trades are 1 lots and most particpates make 1 trade a week if any.

We do alot of various trades; below you will find our open trades.  The first section is the futures trades and the second section is the option trades.  You will notice that do have alot of ratio type spread plays in the open options; which has helped in some of the above mock profits.

Please note that in the comment section you will find risk reward parameters for many of the trades as well as the person you have the open trade.  We try and update and adjust every week.

Here are the Future Trades

Long	# of	Futures		Futures Price	Position	Profits (Losses)
or Short	Contracts	Symbol	Price	Last	Delta (bu)	Actual	Comment
LONG	1.00	SN2	1229.750	1241.750	5,000	$600	JORDAN
SHORT	1.00	SX2	1214.000	1221.750	(5,000)	($388)	JORDAN
LONG	1.00	WH2	656.250	653.500	5,000	($138)	jordan
SHORT	1.00	CH2	649.500	634.500	(5,000)	$750	jordan - order for 2 at even money; 1 at 7 cent wheat prem
LONG	2.00	WH2	603.000	653.500	10,000	$5,050
SHORT	2.00	CH2	603.000	634.500	(10,000)	($3,150)
LONG	1.00	WH2	659.000	653.500	5,000	($275)	KEVIN
SHORT	1.00	CH2	656.000	634.500	(5,000)	$1,075	KEVIN - RISK 2500
LONG	1.00	MWH2	876.000	823.250	5,000	($2,638)	kevin - stop $2000
SHORT	1.00	MWN2	830.250	795.250	(5,000)	$1,750	kevin
SHORT	1.00	WH2	614.000	653.500	(5,000)	($1,975)	kevin
LONG	1.00	WZ2	680.000	711.000	5,000	$1,550	kevin
LONG	1.00	WH2	614.000	653.500	5,000	$1,975	jordan
SHORT	1.00	CH2	608.000	634.500	(5,000)	($1,325)	jordan
LONG	1.00	KWN2	671.750	724.500	5,000	$2,638	kevin risk 1500
SHORT	1.00	KWZ2	709.000	754.500	(5,000)	($2,275)	kevin
LONG	1.00	MWH2	800.000	835.750	5,000	$1,788	dan - RISK 8.09 obj 8.44 1/2
SHORT	1.00	KWH2	697.000	709.000	(5,000)	($600)	DAN - RISK 7.05; OBJ 6.50
SHORT	1.00	WH2	641.250	653.500	(5,000)	($613)	MIKE AH - RISK 10 - OBJ 40 CENTS
SHORT	2.00	KWH2	697.000	709.000	(10,000)	($1,200)	KEVIN RISK 7.00 ; OBJ 6.82
LONG	1.00	MWH2	813.000	835.750	5,000	$1,138	KEVIN - ADD 2 AT 8.05; OBJ 8.30; LONG 4 7.95; RISK 7.90

Here are the Option Trades - 

Long	# of	Option		Option Price	Notional		Position Equivalent				Profits (Losses)	Days to Expiration	Expiration
or Short	Contracts	Symbol	Price	Last	Position (bu)	Delta	Delta (bu)	Gamma (bu)	Theta / Day	Vega	Actual	Actual	Date
SHORT	1.00	SX1300C	49.000	65.000	(5,000)	(0.41)	(2,038)	(8)	$8	($201)	($800)	273	26-Oct-2012	jeremey
SHORT	2.00	SX1500C	31.250	25.875	(10,000)	(0.19)	(1,943)	(10)	$13	($292)	$538	273	26-Oct-2012
SHORT	1.00	SX1000P	37.000	16.250	5,000	0.13	629	(4)	$4	($111)	$1,038	273	26-Oct-2012
SHORT	1.00	SX1200P	99.500	82.500	5,000	0.42	2,077	(8)	$8	($202)	$850	273	26-Oct-2012
LONG	1.00	WH660C	47.750	22.000	5,000	0.48	2,384	32	($22)	$36	($1,288)	28	24-Feb-2012	jeremey
SHORT	1.00	WH730C	24.000	4.125	(5,000)	(0.14)	(675)	(17)	$12	($20)	$994	28	24-Feb-2012
SHORT	1.00	WH600P	22.125	5.250	5,000	0.16	806	(20)	$13	($22)	$844	28	24-Feb-2012
LONG	1.00	WH730C	0.750	4.125	5,000	0.14	675	17	($12)	$20	$169	28	24-Feb-2012
LONG	1.00	CH600C	38.500	45.000	5,000	0.73	3,650	26	($18)	$29	$325	28	24-Feb-2012	jordan
SHORT	2.00	CH700C	9.375	5.000	(10,000)	(0.16)	(1,628)	(41)	$27	($44)	$438	28	24-Feb-2012
SHORT	1.00	CH700C	8.125	5.000	(5,000)	(0.16)	(814)	(20)	$13	($22)	$156	28	24-Feb-2012
SHORT	1.00	CH575P	23.000	2.750	5,000	0.11	533	(17)	$8	($17)	$1,013	28	24-Feb-2012
SHORT	10.00	CH500P	4.500	0.125	50,000	0.01	306	(14)	$9	($17)	$2,188	28	24-Feb-2012
SHORT	1.00	CH550C	56.625	85.375	(5,000)	(0.93)	(4,626)	(6)	$6	($11)	($1,438)	28	24-Feb-2012
LONG	1.00	CH650C	13.000	16.500	5,000	0.41	2,064	33	($20)	$34	$175	28	24-Feb-2012
LONG	10.00	CH500P	4.250	0.125	(50,000)	(0.01)	(306)	14	($9)	$17	($2,063)	28	24-Feb-2012
SHORT	1.00	CH550C	47.250	85.375	(5,000)	(0.93)	(4,626)	(6)	$6	($11)	($1,906)	28	24-Feb-2012
SHORT	2.00	CH620P	45.375	11.250	10,000	0.36	3,569	(83)	$30	($66)	$3,413	28	24-Feb-2012
SHORT	2.00	CH620C	19.875	31.500	(10,000)	(0.61)	(6,130)	(63)	$41	($67)	($1,163)	28	24-Feb-2012
SHORT	5.00	CH650C	15.750	16.500	(25,000)	(0.41)	(10,320)	(167)	$101	($171)	($188)	28	24-Feb-2012
SHORT	7.00	CH580P	19.000	2.500	35,000	0.11	3,735	(134)	$54	($116)	$5,775	28	24-Feb-2012
SHORT	2.00	CH600P	23.750	6.500	10,000	0.22	2,220	(60)	$26	($53)	$1,725	28	24-Feb-2012
SHORT	4.00	CH660P	46.250	34.250	20,000	0.69	13,789	(151)	$58	($124)	$2,400	28	24-Feb-2012
SHORT	3.00	CH680P	45.875	53.000	15,000	0.76	11,396	(79)	$47	($82)	($1,069)	28	24-Feb-2012
SHORT	5.00	CH680C	18.375	8.000	(25,000)	(0.24)	(6,026)	(133)	$82	($138)	$2,594	28	24-Feb-2012
SHORT	7.00	CH600P	10.250	6.500	35,000	0.22	7,771	(211)	$91	($185)	$1,313	28	24-Feb-2012
SHORT	5.00	CH610C	18.500	41.500	(25,000)	(0.66)	(16,415)	(128)	$115	($161)	($5,750)	28	24-Feb-2012
SHORT	8.00	CH590C	20.000	54.000	(40,000)	(0.77)	(30,604)	(175)	$146	($215)	($13,600)	28	24-Feb-2012
SHORT	9.00	CH600C	28.625	45.000	(45,000)	(0.73)	(32,852)	(235)	$163	($261)	($7,369)	28	24-Feb-2012
SHORT	7.00	CH630C	15.375	25.250	(35,000)	(0.55)	(19,167)	(238)	$143	($243)	($3,456)	28	24-Feb-2012
SHORT	13.00	CH605P	18.375	6.750	65,000	0.24	15,711	(441)	$165	($359)	$7,556	28	24-Feb-2012
LONG	10.00	CH500P	0.125	0.125	(50,000)	(0.01)	(306)	14	($9)	$17	$0	28	24-Feb-2012
SHORT	10.00	CH610P	12.375	9.500	50,000	0.29	14,624	(344)	$152	($303)	$1,438	28	24-Feb-2012
SHORT	10.00	CH620P	19.875	11.250	50,000	0.36	17,847	(415)	$149	($328)	$4,313	28	24-Feb-2012
SHORT	10.00	CH630P	20.625	14.500	50,000	0.44	22,143	(468)	$148	($346)	$3,063	28	24-Feb-2012
SHORT	8.00	CH635P	21.125	21.125	40,000	0.49	19,438	(302)	$150	($279)	$0	28	24-Feb-2012
LONG	1.00	CH700C	9.375	5.000	5,000	0.16	814	20	($13)	$22	($219)	28	24-Feb-2012	jeremey
SHORT	1.00	CH600P	32.750	6.500	5,000	0.22	1,110	(30)	$13	($26)	$1,313	28	24-Feb-2012
LONG	1.00	CH550P	14.000	0.625	(5,000)	(0.03)	(157)	7	($3)	$7	($669)	28	24-Feb-2012
SHORT	1.00	CK620P	46.500	24.000	5,000	0.38	1,884	(22)	$9	($58)	$1,125	84	20-Apr-2012	kevin
LONG	2.00	CK560P	20.375	7.750	(10,000)	(0.15)	(1,537)	26	($13)	$74	($1,263)	84	20-Apr-2012
SHORT	2.00	CH570P	21.000	2.250	10,000	0.09	897	(31)	$15	($29)	$1,875	28	24-Feb-2012	scott
LONG	2.00	CH600C	28.000	45.000	10,000	0.73	7,301	52	($36)	$58	$1,700	28	24-Feb-2012
SHORT	2.00	CH650C	19.000	16.500	(10,000)	(0.41)	(4,128)	(67)	$41	($68)	$250	28	24-Feb-2012
LONG	2.00	CH570P	13.000	2.250	(10,000)	(0.09)	(897)	31	($15)	$29	($1,075)	28	24-Feb-2012
SHORT	2.00	CH700C	16.875	5.000	(10,000)	(0.16)	(1,628)	(41)	$27	($44)	$1,188	28	24-Feb-2012
SHORT	1.00	CN650C	33.000	50.000	(5,000)	(0.52)	(2,582)	(15)	$9	($80)	($850)	147	22-Jun-2012	van
SHORT	1.00	CN600P	28.500	26.500	5,000	0.31	1,565	(15)	$7	($72)	$100	147	22-Jun-2012
LONG	6.00	CH500P	5.375	0.125	(30,000)	(0.01)	(184)	8	($5)	$10	($1,575)	28	24-Feb-2012
LONG	1.00	CH540C	54.125	95.125	5,000	0.93	4,642	4	($6)	$11	$2,050	28	24-Feb-2012	kevin
SHORT	2.00	CH580C	30.125	57.875	(10,000)	(0.86)	(8,630)	(37)	$20	($38)	($2,775)	28	24-Feb-2012
LONG	1.00	CH660C	7.500	13.250	5,000	0.35	1,757	32	($20)	$33	$288	28	24-Feb-2012
LONG	1.00	CH620C	9.125	31.500	5,000	0.61	3,065	32	($20)	$34	$1,119	28	24-Feb-2012
SHORT	1.00	WN600C	66.876	94.875	(5,000)	(0.78)	(3,882)	(12)	$6	($62)	($1,400)	147	22-Jun-2012	jeremey
SHORT	1.00	WN600P	51.875	23.875	5,000	0.24	1,216	(11)	$8	($67)	$1,400	147	22-Jun-2012
SHORT	1.00	WN600P	37.375	23.875	5,000	0.24	1,216	(11)	$8	($67)	$675	147	22-Jun-2012
SHORT	1.00	WN800C	21.000	18.000	(5,000)	(0.24)	(1,205)	(11)	$7	($67)	$150	147	22-Jun-2012
SHORT	1.00	CN640P	60.625	47.500	5,000	0.44	2,217	(16)	$8	($80)	$656	147	22-Jun-2012	jeremey
LONG	1.00	CN590P	35.500	24.750	(5,000)	(0.29)	(1,436)	14	($7)	$69	($538)	147	22-Jun-2012
LONG	1.00	CN670C	41.250	39.125	5,000	0.45	2,264	15	($8)	$80	($106)	147	22-Jun-2012
SHORT	1.00	CN780C	16.375	13.500	(5,000)	(0.20)	(1,000)	(11)	$6	($58)	$144	147	22-Jun-2012
SHORT	1.00	SN1220C	82.000	81.500	(5,000)	(0.57)	(2,850)	(11)	$11	($152)	$25	147	22-Jun-2012	jeremey
SHORT	1.00	SN1100P	26.000	18.125	5,000	0.18	881	(7)	$8	($103)	$394	147	22-Jun-2012
SHORT	1.00	CN750C	24.000	18.000	(5,000)	(0.25)	(1,266)	(12)	$7	($65)	$300	147	22-Jun-2012	scott
SHORT	26.00	CN800C	6.000	11.125	(130,000)	(0.17)	(22,124)	(246)	$147	($1,359)	($6,663)	147	22-Jun-2012	jordan
LONG	10.00	CH590P	16.500	4.875	(50,000)	(0.17)	(8,589)	247	($116)	$227	($5,813)	28	24-Feb-2012
SHORT	1.00	MWH800C	27.750	40.750	(5,000)	(0.80)	(3,985)	(30)	$11	($33)	($650)	28	24-Feb-2012	kevin
LONG	3.00	MWH860C	9.000	14.500	15,000	0.36	5,414	92	($62)	$130	$825	28	24-Feb-2012
LONG	10.00	MWH1000C	0.375	0.875	50,000	0.03	1,498	44	($46)	$83	$250	28	24-Feb-2012
LONG	15.00	CH650C	4.000	16.500	75,000	0.41	30,961	501	($304)	$513	$9,375	28	24-Feb-2012	jeremey
SHORT	8.00	CH650C	14.875	16.500	(40,000)	(0.41)	(16,512)	(267)	$162	($273)	($650)	28	24-Feb-2012
SHORT	7.00	CH700C	4.625	5.000	(35,000)	(0.16)	(5,699)	(143)	$93	($153)	($131)	28	24-Feb-2012
SHORT	1.00	CN650C	28.625	50.000	(5,000)	(0.52)	(2,582)	(15)	$9	($80)	($1,069)	147	22-Jun-2012	jeremey
SHORT	1.00	CN600P	43.000	26.500	5,000	0.31	1,565	(15)	$7	($72)	$825	147	22-Jun-2012
SHORT	1.00	CN720C	24.125	24.125	(5,000)	(0.32)	(1,592)	(14)	$8	($73)	$0	147	22-Jun-2012	van
LONG	1.00	CN640P	47.500	47.500	(5,000)	(0.44)	(2,217)	16	($8)	$80	$0	147	22-Jun-2012
SHORT	1.00	CN580P	21.275	21.375	5,000	0.26	1,290	(13)	$7	($66)	($5)	147	22-Jun-2012
SHORT	1.00	CK700C	15.750	17.000	(5,000)	(0.30)	(1,497)	(18)	$10	($53)	($63)	84	20-Apr-2012	jordan
LONG	1.00	CH620P	13.875	11.250	(5,000)	(0.36)	(1,785)	42	($15)	$33	($131)	28	24-Feb-2012
LONG	7.00	CH600P	7.000	6.500	(35,000)	(0.22)	(7,771)	211	($91)	$185	($175)	28	24-Feb-2012	jeremey
SHORT	1.00	CN640P	42.250	47.500	5,000	0.44	2,217	(16)	$8	($80)	($263)	147	22-Jun-2012

Farm Direction Forward - Opening Grain Market Comments soft outside markets

Below are opening comments as well as a forward from Kevin Van Trump who will be one of the speakers for next week’s grain marketing workshop that we are sponsoring in Pierre on Feb 2^nd at the Ramkota at 10:00 a.m.; Ed Usset will be the other presenter.  Please give us a call or shoot us an email to RSVP for what should be a great time.

Markets are called mixed to supportive this a.m. behind a firmer overnight session; outside markets are a little weak and most calls are slightly below where we left off the overnight session at.

In the overnight session we saw corn up 3 on the old crop while new crop was off 2, beans unchanged to down a couple,  MPLS wheat was 4 higher, KC wheat was up 3, and CBOT wheat was up 5.  At 9:00 outside markets have crude down a little over a dollar a barrel, equities are weaker with the DOW down 82 points, and the US dollar is firmer up 379 on the cash index at 80.247.

Not much for new news out this a.m.  The rumors