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S MN | At the money for dec 21 corn put, with a nov expiration would be around .66 cents. So 6.25 (whatever we closed at) - .66cents is your floor. But you leave the upside open, so if Dec contract hits $8 and you decide to sell physical you could sell for 8-.66 cents (or whatever your costs were).
July expirations are only .11 cents, but then you are only covered until June. So you would/could relock in a new floor if we are higher at that time. then add up your costs. | |
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Dang it’s getting bullish around here...
