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Re: FUTRS: Soybeans



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The August report broke the market limit down (more in the front mnth which 
had no limit since it was in delivery) since USDA estimates were not lowered 
as much as expected.  The possibility for a big change in the crop estimate 
exists this time because much of the adverse weather impact occurred after 
the reporting period for the August report. The uncertainty attached to this 
kind of govt. report usually leads to firming option prices. One big risk 
here is that a very neutral report will result in a smash of implied 
volatilities. Should make an interesting day on the 10th. Remember, the 
report comes out before the open.
Bruce Lawrence