Soft Commodities

Grain Market Trading Opportunities

Corn is cheap and could see a bounce on Monday with favorable news from the USDA. A decrease in acreage is possible. The Grain Stocks Report and the Acreage Report will be released on June 30th.

Funds were record short wheat at over 235k contracts. In the last 4 weeks they reduced their net short by 52k contracts to 183k. Planted acres are estimated at 45.43 million acres, which is the second-smallest area since 1919.

Soybean oil demand is very strong, crush margins are up ~40 cents from the recent low to $1.56 per bushel. The trend is up on the daily, weekly, and monthly charts. And funds added to their long position.

COMMODITYBUY/SELLCOST PER CONTRACTEXPIRATION
CORN
SEP’25 CORNBUY 450 CALL4 1/2 OR $225/CONTRACT   58 Days – 8/22/25
SEP ’25 CORNBUY 430 CALL, SELL 480  CALL2 ¼ or $112.50/CONTRACT  58 Days – 8/22/25
DEC ’25 CORNBUY 475 CALL8 3/8 or $418.75/CONTRACT  149 Days – 11/21/25
DIAGONAL SPREADBUY DEC ’25 450 CALL, SELL SEP ’25 500 CALL12 1/8 or $606.25/CONTRACT  149 Days – 11/21/25
WHEAT
DIAGONAL SPREAD   BUY SEP ’25 580 CALL, SELL SEP ’25 630 CALL          7 1/4 or $362.50/CONTRACT            59 DAYS –8/22/25
SOYBEAN OIL
SEP’25BUY 55 CALL1.520 OR $912/CONTRACT   58 Days – 8/22/25

 

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