Summary
We are adding some more exposure to our long grains book. This time corn.
This is a tactical trade playing on the same weather-driven theme that took us into Long Grains I (via DBA 0.00%↑) and Long Grains II (via WEAT 0.00%↑) earlier in the year.
The dry part of our weather thesis has played out and the ingredients are on the table for the heat part over the next few…