Are you eating your Wheaties?

A possible great buy right now would be 1 month call options on wheat, with fires ravaging the crops in Eastern Europe so far this summer. It has been the hottest summer on record in Russia, Kazakhstan, and Ukraine creating a great number of fires in the European region. The extensive fires have caused Russia to ban grain exports because of the need to keep existing wheat in the country. These fires in addition to huge rainfall in Canada, another large wheat producer, has spiked demand for the commodity worldwide and prices are starting to increase. With the hot weather and fires not expected to drop till the end of August, buying a 1 month call option for grain commodities is a no brainer, as demand can only increase from here. Other grain products are also on the rise as well, acting as substitutes for the precious grain at the moment, making rice and corn pretty good bets to appreciate as well. Next time you eat breakfast, don't take that bowl of cereal for granted.