I think today's November Soybean future rise is overdone. I have been selling 30 cent 3 to 2 short bean future options spreads at various levels above the market. I think this type spread can be changed quite easily if I am wrong. I am for now effectively short some naked futures but I also have cheap wings. My thinking on the short is that nearly every year the August crop report is too pessimistic. I think beans are hitting a head and should top around 1230. South American crop was large. So I think today is just a stop hitting rally day. I am hoping to add lots of short deltas if beans weaken after today.