Tough week for corn and beans

The "Black Swan" hit corn and soybean markets Friday.

It was a tough week for especially corn after the USDA Report on Monday.

All the news seems to be going for the bears right now.

President Trump's threat of 5 percent tariffs on products imported from Mexico put pressure on corn and beans last week.

It was a tough week for corn and beans especially after the USDA stocks and projected acres report Friday morning.

Even with more beans sales to China both corn and beans closed lower last week.

Both corn and beans closed quite a bit lower last week.

Both corn and beans set life of contract highs on Monday only to sell off and close lower on the week.

Even though the USDA report Thursday was friendly especially for corn, both corn and beans sold off after the report.

Corn closed 1 to 3 cents lower Friday and for the week December corn lost 7 cents. Even though 16 percent of the corn crop is in some stage of a drought traders are still reluctant to lower this years national average yield. All of North and South Dakota, Montana, Nebraska, and about half of Iowa are in a drought...