Yes Dieter, I just read that theory this morning on the AgWeb site. Another thing to consider is the lousy condition of the winter wheat crop. I just read one report that it is only 6-7% good to excellent and the remaining is pretty piss poor condition, so am expecting it to take off north soon if not already starting, now that the crop is coming out of dormancy and they can get a better idea of the potential harvest in June. I'm eyeballing the July and Dec 800 calls. The July 800 calls are real cheap today, only 13.5 points, but the Dec calls not so cheap.