The market opened soft with wheat and soyoil as leaders and the rest in the hole, but a route was found out of the hole by everything but soymeal and feeder cattle. There were nudges along the way, such as rising prices elsewhere, continued buyer demand, and rising energy values.  There were also negatives, such as higher IGC numbers and mediocre export sales. The thrust has been downward but the last two days of trading are starting to look like a firmer floor is being established. 

The combination of global demand and what looks like imperfect fields being combined with reduced yields and tar spot disease in corn leads to some caution for the bears. At the same time, the weather is deterring the bulls. Wetness in the east wi...