AIG Block Trading Latest

It seems that the only block trades in ag contracts in relation to unwinding AIG positions were in the overnight session on Tuesday night.

Fewer than 50,000 contracts were listed, spread among corn, soybeans, soybean oil, wheat, live cattle and lean hogs, according to CME trading records.

There were no trades registered in the day session on Wednesday.

Exactly why the CME felt oblidged to allow such a relatively small number of contracts to be traded "off the market" is unclear.