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Crop Traders Are Piling Into a Booming Corner of Options Market

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Wild weather is prompting agricultural commodities traders to pile into a booming corner of the options market as they seek to hedge every bit of rain or dry forecast

With prices moving sharply depending on the weather, traders are piling into short-term options to hedge every little bit of rain or dry forecast ahead.

These products, which expire weekly or in different months than traditional contracts, accounted for a record 22% of all options transacted in June, according to

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