The weather market in the U.S. Corn Belt fizzled out a while back and then last Thursday’s USDA supply and demand report was a bearish surprise. The grain market bears are back in firm near-term technical control of the market, amid price downtrends. See on the daily chart for December corn futures that prices hit an 11-month low Monday. The next downside objective for the powerful bears is the August 2016 low of $3.58 1/2. Stay tuned!–Jim
