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| It will be interesting to see how the next two days play out on SEP 17 Corn futures.
As of this morning there were around 21,000 contracts of open interest in $3.45 and $3.50 puts vs. around 4,800 contracts of $3.45 and $3.50 strike price calls in play.
Which force will win this battle - ? - the one to push prices back up above $3.50 to allow the puts to expire worthless or the force that holds prices under $3.45 so the calls expire with -0- value. 4 to 1 ratio.
Might be a reason the market could rebound off of the current $3.43 level before the weekend - or not.
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