Besides wheat, everything else traded both sides ahead of the morning break. Beans set fresh contract lows again last night, but had nearly erased the overnight losses into the morning break. Monday price action has not been good in the past few weeks to ag commodities so we will see if today is any different. US weather still looks favorable to crop development and there’s nothing new on the trade war but there have been hints China is open to resuming talks. Even with US beans at a $1.60 per bushel discount to Brazilian beans, the differential still needs to move another 55-60 cents for PNW beans to make up for the 25% tariff to China. Sep corn’s contract low at $3.37 ¼ is first support, then $3.35 ¼. The first resistance is at $3.48, then $3.55. Dec corn’s contract low at $3.50 ¼ is the first support, then nothing until the $3.30’s. First resistance is at $3.61, then $3.67 ½. Aug soybeans set another new contract low overnight at $8.10 ½, but air beneath it for support down to $7.76 from the continuous 2008 chart if we keep moving lower. First resistance falls to $8.43, then $8.64 before the $8.79 ¾ – $8.80 ¾ area. Nov soybeans’ support is at the new contract low last night of $8.26 ¼, and nothing beneath it. Short term resistance is at $8.59 ¼, then $8.80, then $9.00.