The 10-Year US Treasury Yield needs to finish the countertrend move started the week of July 3, 2017 from 2.14 to 2.31

We enter the week with the 10 Year US Treasury Yield slightly bearish with a potentially higher yield (trend presently remains bullish or lower yield)

Demand, Economic Weakness, Event Risk Concerns, or Other Market Concerns/Factors will likely take yields lower to 2 or below before significant move higher

In search of a bottom with a couple of options being 95 area (basically achieved) or 92

Big Picture: The dollar has a bullish bias given global economic, social, political and military challenges

Unless Middle East, North Korean, European, other anomaly events start to dominate market participant decisions for a period, then we are still DEFINING a trading range 95 -104

Most likely this index at the very least needs to revisit previous lows

Caution is advised since global economic uncertainties remain problematic

Bigger Picture: Though spastic global macro and growth forces in general remain supportive of the commodity sector

Likely assume Bearish until $48 holds as support

Complex and volatile market

Fundamentals have overridden OPEC verbal guidance and an array of other factors

Fundamentals and other factors now suggest consideration of a possible price move below $41

The bottoming process likely has not yet completed, a retest of the $9.00 area or lower a possibility

A price move through $9.70 opens the door to higher prices

A resumption of commodity index weakness, a likely function of fundamentals and Fiscal and Monetary Policy and Global Economic Uncertainties, could translate into a price move to $8.35 or lower

Appears the correction of the upside move has completed with potential higher prices

Cautionary Note: Sustained oil price weakness could possibly be problematic for corn prices

Bullish bias remains

This is a highly complex market with an array of factors impacting price from 2016-2017 fundamentals; 2017 acreage, production and quality uncertainties; present underlying aggregate commodity sector dynamics; problematic global economic momentum, geopolitical uncertainties, and/or global agronomic outlook

Prices need to hold current levels or otherwise consideration has to be given to revisiting the 2016 low around 55-cents or lower

Price potential to $5.51 almost achieved

A cautionary time period

Allow price action to provide guidance

A cautionary time period

Allow price action to provide guidance

A cautionary time period

Allow price action to provide guidance

A cautionary time period

Allow price action to provide guidance