Consider buying a call option on November soybean futures.
See on the daily bar chart for November soybean futures that prices have made a dramatic rally from this week’s low. Strong demand for U.S. soybeans, including from China, and a growing concern regarding hot and dry weather forecasts for the U.S. Corn Belt, are fueling the bulls. The grains are on the verge of a significant weather market developing that could spike soybean and corn futures prices. 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.
