Consider buying a call option on November soybean futures.
See on the daily bar chart for November soybeans that recent price action has been strong on the upside, including forming a bullish V-bottom reversal pattern. The bulls have gained good upside technical momentum just recently, to suggest prices can continue to trend sideways to higher. Also, weather in the U.S. Corn Belt has been very dry in some regions, which could hurt soybean yield potential. Consider buying a call option on November soybean futures, with an upside price objective of $13.50, or above. The option expires in late-October.
