last week Friday April 29, I posted the following message:

" It is highly probable that beans will not see $1400 again in this bull. And it is likely that very soon the grains will be MUCH lower. Corn has made new highs just recently, but have topped with perfect spacing and balancing at the 4-11-11 top of $7.84. Be prepared for what is coming. It is possible the grains could remain near these tops for a few more weeks, but that is the best they will be able to do. Expecting new highs will be very dangerous, look out below."

At the time of the posting, nearly all soybean contracts were bumping up against the $1390 area almost daily. Yet, cycles gave me the confidence to publicly post that the $14 mark would most likely not be broken. And I'm not calling for a 2 day reaction down. ANYONE can do that. This is forecasting a major bear taking prices "much lower", and nailing it to within 98% of price accuracy.

grainmarkettiming.com