05/21/2025 Timing is Everything

New Recco Day 3: Buy August soybean $10.20 puts, on 30% of 2025 production for 20 cents or less. We are updating the previous recco as it has yet to be filled. If you are looking to lower the purchase price of the 20-cent options, an alternative to that recommendation is to sell a call above the market. However, that position could be marginal and limit upside potential if a hot and dry summer develops. Corn—Stay tuned, as we will be reevaluating for future reccos and adding back our corn hedges on rallies. Above you will find today’s installment of Morning Market Talk. Grains Green Across the Screen You can click on the picture above to take you to this morning’s episode. On the Grains In both life and grain marketing, timing is crucial. The eastern half of the belt is currently struggling with timely planting. However, recent rain has fallen in the driest corn belt area, the likelihood of achieving the predicted 181 bpa national yield is still probably 50/50. Timing is again a factor: it remains uncertain what the weather will be like during pollination. However, if a high-pressure ridge develops as forecasted for late May, we could face…