Consider Buying a Call Option in December Corn Futures
See on the daily bar chart for December corn futures that prices are in a steep downtrend and have been beaten down hard recently. This market is well oversold, as evidenced by the Relative Strength Index reading of 21.26. A reading below 30.00 suggests an oversold market. It is my bias that corn futures prices are near a market bottom. Consider buying a call option on December corn futures, with an upside price objective of $4.60, or above. The option expires in late November.
