The grain markets have seen a significant weather market play out this summer, but recent price action has seen prices fizzle. The weather market may or may not be done for this year. August will be an extra important growing month for the U.S. corn and soybean crops, given their generally late planting start in the spring. The corn and soybean market bulls have lines drawn in the sand that they must defend: the July lows. Drops below the July lows in corn and soybean futures would be a strong technical signal that the price uptrends are dead in the water.–Jim