Consider buying a call option on March SRW wheat futures.
See on the daily bar chart for March soft red winter wheat futures that prices have been beaten down hard and this week scored a new contract low. This market is presently well into oversold territory, according to the Relative Strength Index (RSI). Any reading below 30.00 on the RSI suggests the market is overdone on the downside and due for at least an upside corrective bounce soon. Consider buying a call option on March SRW wheat futures, with an upside price objective of $6.80, or above. The option expires in late February.
