[Mercat]

What are you? A comodities trader? It’s the corn I would worry about. Only about half the fields are planted.

[SAJ]

Indeed. However, being a trader doesn't imply for a moment that one must necessarily trade all the markets. As it happens, I've a position on in corn, but it's a long-term one, a diagonal spread in the Z over U calls. It's looking quite good just now.

BTW, the USDA planting figures as of last week show that in 14 of the 18 leading corn-growing states, planting is well over average, emergence is ahead of schedule, and the good-to-excellent percentage is better than it's been in years.

But, the immediate concern is wheat. With moisture (for once) not a problem, a good drying weather pattern could easily tank the front-month 30-40 cents in a week's time.

Hence the request...

;^)