March corn (ZCH26) futures hit a two-week low on Friday and fell 5 3/4 cents to $4.40 3/4, and on the week dropped 4 cents. January soybeans (ZSF26) on Friday fell 16 3/4 cents to $10.76 3/4, hit a six-week low, and for the week were down 29 1/4 cents. March soft red winter wheat (ZWH26) fell 4 1/4 cents to $5.29 1/4 and closed at a six-week-low close. For the week, March SRW was down 7 1/4 cents. March hard red winter wheat (KEH26) on Friday fell 4 1/4 cents to $5.18, hit a six-week low, and lost 13 1/4 cents on the week. Importantly, all the above markets on Friday closed at technically bearish weekly low closes, suggesting the speculative, chart-based bears have a head of steam early this week to continue to more aggressively play the short sides of the grain markets.
