General Comments Corn and soybean markets were quite weak today and there weren't many good reasons why. Here is some of today's market chatter:

Concerns about an increased pace of harvest and some hedge pressure. The problem with this theory is that basis levels are getting stronger, not weaker. China is again projecting a record corn crop. We're not buying it. It seems a stretch to believe in record production during a year of significant weather extremes. Funds were selling soybeans for technical reasons. This does make some sense. November futures tried to trade above $13 several times this week and couldn't hold those gains. Weather across important regions in western Argentina, specifically Cordoba, has been extremely dry...