Jordan sold the May 7.80 and 7.50 corn calls. His risk is to double the premium he received.
Jeremey - purchased 5 of the 7.80 Feb CBOT wheat puts and paid for them via selling 1 of the 8.00 July Wheat calls; basically gives him nearby protection for potentially having a sale very close to the market for new crop.
Kevin, Jordan, and Dan all sold March corn. Kevin had a risk of 9 cents, Jordan a risk of 7 cents with an objective of 31 cents, and Dan risked 8 cents with an objective of 16 cents.
Dan also sold 1 KC March wheat risking 10 cents with an objective of 42 cents.
All the futures trades where done basis the close of 1-16-2013.
The other two trades put on where bear spreads in the corn market. Jeremey sold the March corn and bought the Dec corn; with an order to add 1 more at 1.50 inverse; risking to 1.65 with an objective of 1.00.
While Jordan sold the July corn and bought the Dec corn; risking to 1.60 inverse with an 80 cent profit objective.
As always remember that futures and options are risky and not suitable for many.