Grain Market Opportunities
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Corn
Corn is cheap, and could see a bounce on Monday with favorable news from the USDA. Any surprises could be very bullish, with the number of shorts in the market. The Grain Stocks Report and the Acreage Report will be released on June 30th.
Wheat
Funds were record short wheat at over 235k contracts. In the last 4 weeks, they reduced their net short by 52k contracts to 183k. Planted acres are estimated at 45.43 million acres, which is the second-smallest area since 1919.
Soybean Oil
Soybean oil demand is very strong, crush margins are up ~40 cents from the recent low to $1.56 per bushel. The trend is up on the daily, weekly, and monthly charts, and funds added to their long position again.
| COMMODITY | BUY/SELL | COST PER CONTRACT | EXPIRATION |
| CORN | |||
| SEP'25 CORN | BUY 450 CALL | 4 1/2 OR $225/CONTRACT | 58 Days – 8/22/25 |
| SEP ’25 CORN | BUY 430 CALL, SELL 480 CALL | 2 ¼ or $112.50/CONTRACT | 58 Days – 8/22/25 |
| DEC ’25 CORN | BUY 475 CALL | 8 3/8 or $418.75/CONTRACT | 149 Days – 11/21/25 |
| DIAGONAL SPREAD | BUY DEC ’25 450 CALL, SELL SEP ’25 500 CALL | 12 1/8 or $606.25/CONTRACT | 149 Days – 11/21/25 |
| WHEAT | |||
| DIAGONAL SPREAD | BUY SEP ’25 580 CALL, SELL SEP ’25 630 CALL | 7 1/4 or $362.50/CONTRACT | 59 DAYS –8/22/25 |
| SOYBEAN OIL | |||
| SEP'25 | BUY 55 CALL | 1.520 OR $912/CONTRACT | 58 Days – 8/22/25 |
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