I will work on a complete update today and will edit this post accordingly as we go along. It would seem very important for a user of meal especially, and corn, to be covered. In the meal, it is easy to sell a July 310 put @ 7.05, and buy a 300 call for example @ 11.00. We just did this for coverage.
The Title is merely a wonder…how long can the trade in Chicago deny the corn crop is less than ideal (which is what the current trend yield number is…ideal), with a acreage number that cannot go higher (and could go a few million lower), and demand that will use all we can grow. No, Denial is not a river that enters the lake a few miles north of lakeshore drive.