The corn and soybean markets on Monday closed at fresh for-the-move low closes and the bears have reaffirmed their strong near-term technical advantage. Wheat futures are also slumping. The grains appear to be headed still lower in the near term, unless a weather market scare quickly pops up to boost prices. Fundamentally, very good growing conditions in the U.S. Corn Belt are trumping world a supply-and-demand picture that is overall friendly toward corn and soybeans. Stay tuned!
