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Ottawa Canada | With July16 at $4.00 roughly it might be safer to sell out of the money calls to buy puts for the grain stored. I'm green at this but it seems that there is risk to the downside if you have a lot of unpriced corn. If market rallies to $4.50 you will have lost some on the calls but gained on the cash and maybe basis too. If you thought the market will rally, don't do anything and wait for your cash target. $4.50? $5.00? That would be nice. | |
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Selling Calls against stored bushels
