Thursday’s few flashes of green turned out to be an anomaly instead of a turning point. On Friday the trade returned to selling off grains and oilseeds. It became the eighth consecutive session lower for SRW and HRS, and the eighth session lower in the past nine for corn and soybeans. Good Midwest growing conditions helped pressure most of the complex as warmer and drier weather is just what a bumper crop ordered.  Since the bear rally began, SRW is down 10.3 percent, HRW is 8.9 percent lower, and HRS has lost 8.3 percent in value. Corn and soybeans have lost less at -3 percent and -4 percent, respectively. 

For the week, speculators increased their net short position in corn and soybeans, but contrarily reduced their ne...