Option Trading Opportunities May Be On Horizon In Grains

  After rallying strongly since early June, the grain markets may have finally peaked. For example, November Soybeans prices were down 64 cents yesterday, July 23, and prices are down 51 cents so far today, July 24. These are huge moves in this market. The Corn and Wheat markets have also experienced similar sell-offs. It's certainly too early to say, but the grain markets may be forming tradeable tops.

  Of course, it's way to early to short the grains at this point. Corn, Wheat, and Soybeans need to close below key support levels to confirm  high probability trade set-ups. However, now would be a good time to follow these markets and see what develops.