Hi Hal,

I found this chart interesting, and agree with your observation about taking a position now.

At this high level I wouldn't touch a long, Corn has a way of crashing "limit down" !!

But, when it looks right, I would consider an emini short. I really do not see a high probability of "limit up" days. Riding out a couple of emini limit up's is doable and I don't think this sucker is going to 900 !!

Look at the sept options, the open interest is huge, on both the calls and puts !!!!

I want to see our farmers make money, but when this sucker comes crashing down, I think it will come down hard !!!

Not sure what the farmers are up to ??? None have posted in quite a while, maybe just worn out getting seed in the ground ??

Thanks, Lee