Laurel & Hardy originally posed the question, “What do we do now, Ollie?” However, it remains relevant today for participants in the grain markets. Given the exceedingly bearish market tone, what will the 31 March reports mean for the market?That famous line might be too old for the average Ag Perspectives reader to remember, but it’s from the Laurel & Hardy comedy team that was popular in the 1930s. It sums up pretty well the current situation of the markets: there is no question the bears remain solidly in control. To recap the bears’ influence:

Wheat made a nice rally early this month only to totally collapse back to the lows on forecasts for rain across the dry southern Plains. The soybean export pace remains strong enough t...