Grains Grope for Bottom

Along with many other financial markets, the grains have been in a downtrend for the past few days. Based upon today's trading, it doesn't appear that the bottom is near. This chart for soybean oil is symbolic for all the grains, including corn, the entire soybean complex, oats, rough rice, and wheat.

From Bryce Knorr of Farm Futures:

Traders return from a long weekend to confront much of the same bearishness they faced last week. Economic pressure around the globe continues to weigh on the grain market, with better weather in South America adding to the negative tone.