Lee: You are correct....No limit occurs not until in deliveries. I was merely stating to G that a squeeze play COULD happen...AND that still does not mean that spot month can't go lock limit while back months go the other way. Trading old crop tight supply is not good idea any shit can happen. EXTREME volatility can occur without chart notice. All CBOT and MGEX same thing. Remember when Minn wheat squeeze on front month play happen not to long ago ...it rocketed to 20 bucks a bu? A lot of shorts went home headless. I'm sorry, Trades wants to teach this stuff like shit don't stink. Using options to hedge againt a lock limit position is f'n text book joke.