Price indicators are negative for all three major grains.
That is, according to Grain Farmers of Ontario Analyst Marty Hibbs who says much of that is credited to closing November contracts.
He notes soybean charts appear heavy, more downside is likely and a direction won't be known without a close above $10.40 or below $9.70.
Corn prices were quiet over the past week as they stayed within a 10-cent range.
Hibbs points out a close below $3.25 could signal weakness, making it possible to move back towards $3.15 or even 3 dollars on the December contract.
The analyst also says a recent sell signal doesn't bode well for wheat prices.
He feels there could be even more downward pressure heading into the first notice day of the December contract.
