Economics
Ukrainian Impasse Propels Bullish Corn Trades to Record: Options
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Russia’s incursion into Ukraine has led to record options trading in a security that tracks corn, reflecting concern that supplies from the third-largest exporter will be disrupted if tensions escalate.
Investors are piling into contracts on the Teucrium Corn Fund, which tracks U.S. prices for the grain used in everything from motor fuel to soft-drink sweetener. A record of more than 16,000 call options giving the right to buy the exchange-traded fund changed hands last week as prices for bullish contracts rose to a three-year high compared with puts, according to data compiled by Bloomberg.