Darin Newsom, senior market analyst with Barchart, Inc. says fund or managed money traders have stepped back in as the market is coming back to the reality that the grain fundamentals are bearish.

One concern cited is that USDA tends to aim too high with its August yield estimates, based on what the data shows from the past decade. The other concern is how strong demand will be, given corn carryover projections.

Oliver Sloup & Marlin Bohling are back with Markets on the move, breaking down Wednesday’s close and the action across the ag markets. Soybeans led the way higher, but it was corn that may have been more impressive. Is the low in? Cattle volatility remains high with average daily ranges expanding, while lean hogs remain rangebound.

Chuck Shelby, Risk Management Commodities, says soybeans were higher still digesting the positive news from the WASDE report and pulled corn higher. While he thinks this is bottoming action in the soybeans but what about corn?

This means the Conduit brand will not continue, and it clarifies the focus for the entity going forward—no longer offering crop inputs and other farmer-facing products, but rather solely offering ag retailers financing products and platforms to be extended to farmer customers.

Kent Beadle with Paradigm Futures says corn is following the soybean market early Wednesday after USDA shocked the market with a record 188.8 bu. yield and 2 million more harvested acres. So did the report bottom the markets?