December corn (ZCZ25) futures prices lost 2 cents last week, while November soybeans (ZSX25) were down 11 3/4 cents on the week. December soft red winter (ZWZ25) and hard red winter wheat (KEZ25) futures last week fell 2 3/4 cents and rose 1/4 cent, respectively. The grain markets are wavering as U.S. corn and soybean harvesting is moving into high gear, and very large U.S. yields are expected. That’s giving the corn and bean bulls pause amid upcoming seasonal hedge selling from the commercials as farmers sell their crops at local elevators.
