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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADECOAGRO S A COM L00849106   2,201,319 198,317 SH   SOLE   198,317 0 0
AIR PRODS & CHEMS INC COM 009158106   13,868,791 50,653 SH   SOLE   50,653 0 0
ANDERSONS INC COM 034164103   9,379 163 SH   SOLE   163 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   3,611,000 50,000 SH Put SOLE   50,000 0 0
AXALTA COATING SYS LTD COM G0750C108   594,475 17,500 SH   SOLE   17,500 0 0
BUNGE LIMITED COM G16962105   2,523,750 25,000 SH   SOLE   25,000 0 0
CELANESE CORP DEL COM 150870103   1,165,275 7,500 SH   SOLE   7,500 0 0
CF INDS HLDGS INC COM 125269100   795,000 10,000 SH   SOLE   10,000 0 0
CNH INDL N V SHS N20944109   974,400 80,000 SH   SOLE   80,000 0 0
CORTEVA INC COM 22052L104   1,968,506 41,079 SH   SOLE   41,079 0 0
DARLING INGREDIENTS INC COM 237266101   2,492,000 50,000 SH Call SOLE   50,000 0 0
DUPONT DE NEMOURS INC COM 26614N102   8,646,932 112,400 SH   SOLE   112,400 0 0
EASTMAN CHEM CO COM 277432100   7,364,162 81,988 SH   SOLE   81,988 0 0
ECOLAB INC COM 278865100   1,492,187 7,523 SH   SOLE   7,523 0 0
FREEPORT-MCMORAN INC CL B 35671D857   2,017,818 47,400 SH   SOLE   47,400 0 0
GENERAL MLS INC COM 370334104   10,553 162 SH   SOLE   162 0 0
HUNTSMAN CORP COM 447011107   6,784,874 269,991 SH   SOLE   269,991 0 0
INGREDION INC COM 457187102   14,682,155 135,282 SH   SOLE   135,282 0 0
INGREDION INC COM 457187102   2,713,250 25,000 SH Call SOLE   25,000 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   535,536 6,614 SH   SOLE   6,614 0 0
LINDE PLC SHS G54950103   22,178 54 SH   SOLE   54 0 0
METHANEX CORP COM 59151K108   11,315,488 238,925 SH   SOLE   238,925 0 0
METHANEX CORP COM 59151K108   5,920,000 125,000 SH Call SOLE   125,000 0 0
MISSION PRODUCE INC COM 60510V108   2,018,000 200,000 SH Call SOLE   200,000 0 0
MP MATERIALS CORP COM CL A 553368101   794,000 40,000 SH   SOLE   40,000 0 0
OLIN CORP COM PAR $1 680665205   2,158,000 40,000 SH   SOLE   40,000 0 0
ORION S.A. COM L72967109   8,943,064 322,505 SH   SOLE   322,505 0 0
ORION S.A. COM L72967109   3,466,250 125,000 SH Call SOLE   125,000 0 0
PILGRIMS PRIDE CORP COM 72147K108   8,041,730 290,735 SH   SOLE   290,735 0 0
PILGRIMS PRIDE CORP COM 72147K108   1,383,000 50,000 SH Call SOLE   50,000 0 0
PPG INDS INC COM 693506107   5,589,880 37,378 SH   SOLE   37,378 0 0
REX AMERICAN RES CORP COM 761624105   4,873,650 103,037 SH   SOLE   103,037 0 0
REX AMERICAN RES CORP COM 761624105   2,365,000 50,000 SH Call SOLE   50,000 0 0
SUNOPTA INC COM 8676EP108   1,777,750 325,000 SH   SOLE   325,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102   2,548,800 180,000 SH   SOLE   180,000 0 0