The call sides of the straddles will be worth a chunck today.
Corn yield estimated dropped almost 7 bushels an acre.
Yield for corn 153 vs. 158 pencils out to a 12.9 crop
Yield for beans 41.4 down from 43.4
Corn and beans should be 30 to 60 higher for the first five minutes of trade
Once caveat: This could be a chance for Funds who have gotten crushed in other positions, to take massive profits in grains.
This could set up a higher opening, lower close scenario.
Watch for that action.
I’d be exiting the straddles within the first 12 minutes of trade.