After several days of closing lower it was an upside day for everything but lean hogs. Yesterday’s selloff and a long stream of red led to an oversold situation that was bound for a rebound. The macros are known but now it is a battle for the minds. For the funds, larger crops are in the offing. For farmers, the promise and experience has been higher prices. Farmers are sitting on the sidelines holding onto product in what is a volatile market situation. Before they give up their precious possession, they want more confidence in the situation. After all, last year at this time also foresaw large impending South American crops and those that sold received $10 on soybeans and $6 on wheat, crops that eventually worked much higher. Some...