The strong price gains seen in the grain markets in late July have quickly reversed course at the calendar turns to August. Weather patterns in the U.S. Midwest have turned less hot and with more rainfall. Meantime, it appears the Ukrainians are going to try to ship their grain via land routes through Europe after Russia nixed the grain-shipping deal in the Black Sea. The grain market bears now have momentum on their side, after the charts have turned more bearish. Bears now have their sights on pushing prices down to the summertime lows, or below, in corn, soybeans and wheat. Stay tuned! Jim Wyckoff