Limitup,

Let me attempt to follow you here.

I saw this selling in the market today and yesterday, believing it was from funds or big organized traders. In fact, I did expect some of it, just not as deeply as it went. Also, I just never knew what facts were causing it. My belief was because there was a potential upside, that was very large.

The spikes down today were to limit the possible loss of a Major up move, for the funds? (this is what you are saying correct?)
In fact, the past two days have been all kinds of selling from the funds, likely based on what you have written about the whether risk. In fact, in wheat, buyers seam happy to buy into the raised prices from last week. One could even surmise that some buyers who bought wheat at $6.00, were buying more at $7.00?

Am I reading your post correctly?

I always tell myself that charts are only the blueprint of the past, even live charts. They are always at least a moment behind. That being said, they are super important, IMHO. However, the only present moment there is in the marketplace, any marketplace is the reasoning behind the action. As in anything, IMHO.

Wayne:
Here is more of my idiocy: You need to use weather in your analysis of the grain market (not just charts). If you did follow private weather, then you would know that there is a huge band of showers showing up on the GFS mon-tuse next week with approx 3 " of rain in the northern plains. The fear is that that system may come into the belt despite a heat dome. Funds took profits and avoid the the long side of this potential rains into a 3 day holiday. 644 July corn was a great sell resistance (took long profits @643 1/4 on that high and went short)...but you would know that resistance would hold without tracking weather. My business is to know how and what the funds are thinking.