Corn prices have reached new cycle highs, increasing by 0.7% recently, while soybeans have experienced a decline of 9% over the past year. The market has seen notable trading activity, with significant call options being bought and sold. Specifically, 1,000 calls for soybeans were purchased at a price of 6.5, while 17,000 corn call spreads were sold at prices ranging from 34.0 to 34.3. Additionally, 888 puts for soybeans were sold at a price of 12.7. The volatility for the soybean options is reported at around 15.7% to 18.0%. Over the past year, corn has appreciated by 20%, contrasting with the decline in soybean prices.