As December options approach their expiration, the markets are reflecting the typical decrease in ATM IVs and increase in OTM IV values. Interestingly, January corn options and March SRW wheat options are increasingly bullish, despite futures’ down day today.  For background on the methodology used in this analysis, check out this article. Again, the goal of this weekly publication is to give you a quick view of how the market perceives price risk over the near term. We also include the previously published charts, so you can see how the risk has shifted week-to-week.  Here are this week’s charts:   Corn With less than a week until the December options’ expiry, IVs for OTM options are understandably...