Bears are having a good week in the grain futures markets. Weak economic data coming out of China this week, a generally stronger U.S. dollar, lower-trending crude oil prices and non-threatening Corn Belt weather forecasts at present are all hitting the grains hard. The big speculative “fund” traders are now likely licking their chops and looking to be sellers in the grains in the near term. See on the daily chart for December corn that prices have dropped below the key 40-day moving average and an uptrend line has been negated. Stay tuned! —Jim Wyckoff