Corn Prices Are Trending Higher. 1 Options Trade to Make Now.

Group 1 - The article suggests considering the purchase of a call option on July corn futures, indicating a bullish trend as prices recently reached a 10-month high [1][3] - The moving average convergence divergence (MACD) indicator shows a bullish posture, with the blue MACD line above the red trigger line, indicating a near-term technical advantage for bulls [1] - The overall supply and demand balance for U.S. corn remains bullish, with solid recent exports and good domestic demand [2] Group 2 - The article highlights the historical context of weather-related market scares, noting that it is unlikely for corn and soybean markets to avoid such events for three consecutive years [2] - A specific price objective for the call option on July corn futures is set at $5.25 or above, with the option expiring on the third Friday in June [3]