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Midwest | looks like a weather problem during US growing season is the only way to get a really big rally in Dec corn.
I am considering an option strategy as follows- sell Dec 25 500 call for 17 cents, sell a dec 400 put for 17 cents, buy a dec 440 put for 37 cents. Futures are trading at 438 today. I would like to do this for even money but today's premiums don't look terrible.
I fear farmers will plant at least 95 mil acres of corn in 2025 (maybe more than that), so the March acreage report could be real bearish.
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