Tuesday's WASDE report sent corn futures tumbling as yields came in at 188.8 bushels per acre, significantly above the 184.4 average estimate. Corn prices dropped over 3% following the announcement, though historical data shows post-August WASDE reports typically see prices recover within 21 days. The traders discussed positioning for a potential corn bounce, with Nick Batista entering a diagonal spread buying the October 400 call and selling the September 420 call for about $500. Thomas Westwater noted soybeans fared better with slightly positive numbers despite corn's selloff. Gold and silver remained focal points after recent volatility, with the team establishing neutral-to-bullish positions through iron condors and broke-wing butterflies in the 32-35 range. Markets broadly rallied with S&P futures reaching potential yearly highs while volatility plummeted, with VIX dropping below 15.