06/10/2026 Wheat Leading Corrective Bounce

06/10/2026 Reco Day 3: 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 Wheat Leading Corrective Bounce On the Grains Grain and soy markets strengthened overnight amid corrective buying as traders covered short positions ahead of Thursday’s USDA reports. Just as they led to the downside, wheat futures are pacing the corrective recovery. As we noted yesterday, traders are taking note of heightened attacks in the Black Sea region, with Russia targeting Ukraine’s Odesa ports, threatening agricultural exports from the key shipping hub. Crop concerns in the U.S. and other…