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| You could look the short dated new crop call options to lock in a price I would wait for a pull back to buy or Buying a bull call spread might be something to look at. In the August options You can buy a $4.50 call for $.40 and sell the $5 call for $ .23 for a cost of 17 cents. With this you will make a profit at any price above $4.67 on the Dec futures, but the top side will be capped at $5 Dec futures. The most you can make is $.33 minus commissions. | |
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protecting corn to the upside
