Consider Buying a Call Option on September Corn Futures
See on the daily bar chart for September corn futures that prices have been beaten down hard recently and have become well overdone on the downside, and are due for at least an upside bounce very soon. This is also the time of year when “weather scares” occur in the grain markets. Virtually every year there is some degree of a summertime weather market in the grains, which pops futures prices. Consider buying a call option on September corn futures, with an upside price objective of $5.00, or above. The option expires in late August.
