Over-bought is over and so is over-sold. The lows in the overnight session set up the day for mostly a recovery trade. Today’s bounce in corn and the soy complex was a defense of current ranges and things should stabilize and thin out as the trade heads into a holiday weekend in the U.S. and an even longer break in China.  The focus turns to South America where delays are keeping Chicago on its toes. South American farmers are forward selling more than usual since they know where this market is eventually going. There are still risks but there is an adage that farmers kill their crop at least three times each season. They plant because they are optimists, and then they focus on all the risks as they psychologically prepare for w...