I am watching price of May corn and May soybeans as we approach option expiration day on Friday. I anticipate a short squeeze by the insurance and other algorithm companies that have written call options. When they need to cover those positions or buy futures, it can take prices sharply higher until Thursday or Friday.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.