Somewhat tighter World coarse grain supplies and early private forecasts that next week's USDA Supply and Demand Report will show further crop reductions also suggests the possibility of higher prices. This along with seasonal basis strength may provide the opportunity for profits on stored grain.
Grain can be, in effect, re-owned by buying futures or purchasing call options.
Buying a futures contract is a contractual obligation to take delivery of the grain in the future at the contracted price. You may prefer to purchase call options, instead of buying futures, because options avoid the risk of additional margin requirements if prices continue to move against you. Re-owning on paper won't participate in basis gains or capture market carry. A significant portion of late year cash price gains is often due to strengthening of basis. Since this occurs in the cash market, futures or options can't capture this.