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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
Estimated average burden
hours per response: 23.8
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   1,812,617 198,317 SH   SOLE   198,317 0 0
AIR PRODS & CHEMS INC COM 009158106   2,396,100 8,495 SH   SOLE   8,495 0 0
ANDERSONS INC COM 034164103   6,988,674 190,168 SH   SOLE   190,168 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   10,382,248 196,708 SH   SOLE   196,708 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   5,278,000 100,000 SH Put SOLE   100,000 0 0
AVIENT CORPORATION COM 05368V106   5,789,984 179,201 SH   SOLE   179,201 0 0
AXALTA COATING SYS LTD COM G0750C108   519,575 17,500 SH   SOLE   17,500 0 0
BUNGE GLOBAL SA COM SHS H11356104   13,665,101 170,218 SH   SOLE   170,218 0 0
BUNGE GLOBAL SA COM SHS H11356104   12,042,000 150,000 SH Put SOLE   150,000 0 0
CELANESE CORP DEL COM 150870103   414,975 7,500 SH   SOLE   7,500 0 0
CF INDS HLDGS INC COM 125269100   920,000 10,000 SH   SOLE   10,000 0 0
CF INDS HLDGS INC COM 125269100   4,600,000 50,000 SH Put SOLE   50,000 0 0
CNH INDL N V SHS N20944109   80,000 80,000 SH   SOLE   80,000 0 0
CORTEVA INC COM 22052L104   2,981,200 40,000 SH   SOLE   40,000 0 0
DARLING INGREDIENTS INC COM 237266101   7,332,095 193,255 SH   SOLE   193,255 0 0
DARLING INGREDIENTS INC COM 237266101   11,382,000 300,000 SH Put SOLE   300,000 0 0
DUPONT DE NEMOURS INC COM 26614N102   3,806,745 55,500 SH   SOLE   55,500 0 0
EASTMAN CHEM CO COM 277432100   6,798,614 91,061 SH   SOLE   91,061 0 0
ECOLAB INC COM 278865100   2,026,997 7,523 SH   SOLE   7,523 0 0
ELEMENT SOLUTIONS INC COM 28618M106   1,812,000 80,000 SH   SOLE   80,000 0 0
FMC CORP COM NEW 302491303   1,043,750 25,000 SH   SOLE   25,000 0 0
HORMEL FOODS CORP COM 440452100   2,268,750 75,000 SH   SOLE   75,000 0 0
HUNTSMAN CORP COM 447011107   885,700 85,000 SH   SOLE   85,000 0 0
INGREDION INC COM 457187102   678,100 5,000 SH   SOLE   5,000 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   486,460 6,614 SH   SOLE   6,614 0 0
JBS N.V. CL A SHS N4732M103   1,095,750 75,000 SH   SOLE   75,000 0 0
METHANEX CORP COM 59151K108   9,667,385 292,066 SH   SOLE   292,066 0 0
METHANEX CORP COM 59151K108   14,895,000 450,000 SH Call SOLE   450,000 0 0
MISSION PRODUCE INC COM 60510V108   12,380,692 1,056,373 SH   SOLE   1,056,373 0 0
MISSION PRODUCE INC COM 60510V108   2,344,000 200,000 SH Call SOLE   200,000 0 0
MP MATERIALS CORP COM CL A 553368101   1,330,800 40,000 SH   SOLE   40,000 0 0
NUTRIEN LTD COM 67077M108   582,400 10,000 SH   SOLE   10,000 0 0
OLIN CORP COM PAR $1 680665205   803,600 40,000 SH   SOLE   40,000 0 0
ORION S.A. COM L72967109   8,694,416 828,829 SH   SOLE   828,829 0 0
ORION S.A. COM L72967109   9,441,000 900,000 SH Call SOLE   900,000 0 0
PILGRIMS PRIDE CORP COM 72147K108   2,923,700 65,000 SH   SOLE   65,000 0 0
PPG INDS INC COM 693506107   7,138,268 62,754 SH   SOLE   62,754 0 0
REX AMERICAN RES CORP COM 761624105   1,733,394 35,586 SH   SOLE   35,586 0 0
SMITHFIELD FOODS INC COM 832248207   2,701,244 114,800 SH   SOLE   114,800 0 0
SUNOPTA INC COM 8676EP108   1,885,000 325,000 SH   SOLE   325,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102   912,600 180,000 SH   SOLE   180,000 0 0