Consider buying a call option on July corn futures.
See on the daily bar chart for July corn futures that strong upside price action recently has negated a downtrend line and the bulls have gained fresh upside near-term technical momentum to suggest a market bottom is now in place. It’s my bias that the grain markets have been ignoring the still-serious soil moisture shortage in the U.S. Corn Belt. It’s also my bias that come April, or a bit sooner, the market place will get a wake-up call that the U.S. Corn Belt is still very short on soil moisture. That’s a recipe for the re-ignition of a bull market run in the grains. Consider buying a call option on July corn futures, with an upside price objective of $7.75, or above. The option expires in late June.
