91% probability the CBOT December-2026 corn contract settles at or below 550 cents per bushel on 1 December 2026 — a ceiling roughly 19% above its early-August level of 462c. Resolves 1 Dec 2026.
The CBOT December-2026 corn contract settled at 462.00 cents per bushel in early August 2026, with the front month trading below 440c near a four-week low. Our ceiling sits roughly 19% above that level. Source: CME/CBOT daily settlements.
We lock a binary: the CBOT December 2026 corn futures contract settles at or below 550.00 cents per bushel on 1 December 2026, per the CME daily settlement. Confidence 91%.
The December-2026 corn contract was around 462c in early August with the front month below 440c, near a four-week low, in a well-supplied market. Our ceiling permits roughly a 19% rally before the call fails, and by 1 December the northern-hemisphere harvest is essentially complete, which removes the growing-season weather risk that drives most sharp corn rallies. Confidence 91%, not higher, because an export-demand shock or a South American planting problem can still lift the board late in the year. Scored on the CME settlement price for the December-2026 contract, not the cash or front-month price.
RAOSCAFF locks P-153 on 2026-08-13. Scored against the CBOT December-2026 corn futures settlement on 1 December 2026 versus a 550 cents-per-bushel ceiling.
An export-demand shock or a South American planting problem is the disclosed tail.