The US grain market bulls showed keen and important resolve on Monday, in the face of mostly bearish outside markets (sharply lower crude oil and US stock index prices) and higher risk aversion in the general marketplace. If the big speculative funds wanted to lean on the short side of the grains, Monday was the day to do it—but they did not. Such suggests the US grain markets have underlying strength and that prices may trend sideways to higher into the new year, and maybe longer. Tuesday’s solid gains support that notion. Stay tuned!