WPI’s recent research suggests December corn futures are likely to see additional selling pressure while a bottom may be approaching for November soybean futures. The wheat market outlook is mixed with funds reportedly holding a small long position but more recent data suggesting they have sold a significant portion of that long. After yesterday’s amazingly bearish WASDE, nearly everyone in the market is asking, “What next?” Where does the market go from here? Although one can certainly quibble with USDA about the details of its fundamental analysis, history has shown the agency is adept at issuing long-run forecasts that ultimately are correct, or nearly so. Given the lack of new fundamental news found between yest...