On April 19, Jon Scheve bought $6.80 December puts for 40¢ on 70% of his 2022 production. This basically provided him a guaranteed floor price of $6.40 per bushel, after factoring the cost to buy the puts. Here's how the trade played out.
While the Thanksgiving holiday has passed, John Phipps reminds us gratitude doesn’t watch the six- to 10-day forecast. His annual Harvest of Thanks message is a good reminder for our hearts and minds.
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