06/09/2026 Markets Take a Needed Breather

06/09/2026 Reco Day 2: Buy back 10% of short December 2026 corn futures hedges (for modest 5 cent gain). Buy back 40% of short December 490 corn calls (for modest 2 cent gain). This leaves short futures and long December 450 puts in place to hedge downside against 90% of 2026 corn sales while reopening upside exposure for 50% of the position. The goal is to keep downside protection a bit longer through the growing season while opening longer-term upside post-harvest.   *** Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results. Click Above to Watch the Morning Market Talk Video Markets Take a Needed Breather On the Grains: Grain and soy futures modestly favored the upside overnight, aside from soyoil, as pressure from recent fund liquidation eased. A breather for the next couple of days is likely as traders square positions ahead of Thursday’s WASDE and Crop Production Reports. While no major changes to USDA’s forecasts are expected in those reports, markets need a pause. Corn, Soybean Crop Ratings Strong; Slightly Below Year-Ago & Average USDA rated…