Low-Price Cure Cycles Nearing Floors in Corn, Soybeans, Grains - Corn Belt harvest is imminent, global grain superabundance is predominant and the Bloomberg Grains Spot Subindex fell in August to its lowest since 2020. Bounces are part of bear markets, and we see ceilings around 4.50 a bushel in corn and 11 in soybeans. Low-price-cure cycles can be a slog, but risk vs. reward may be leaning back toward responsive buyers. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t1joc8gq1z1y {BI COMD} #corn #soybeans #wheat #grains #food @BBGIntelligence(Mike McGlone)