March corn futures hit a four-week low, soybeans backed down from their high, and winter wheat futures are trending down. The bullish grain markets are deflating.

Grain market bulls are working to stabilize prices, but bearish patterns may be forming on daily charts. Bulls need to show strength to counter chart-based bears.

With U.S. harvests ending, focus is on strong demand for corn and soybeans. USDA reported a soybean sale to China. Trump’s positive comments on China trade boost soybean futures.

Progress on a Ukraine-Russia peace deal is bearish for grains. Attention shifts to South American weather. Recent rains benefit crops in Brazil, but Argentina faces subsoil moisture shortages.

The strong U.S. dollar adds selling pressure on grain futures. A higher dollar makes grain more expensive in non-U.S. currency. Cotton futures hit a contract low, facing bearish technicals.

Export demand for U.S. cotton is weak. The dollar’s strength weighs on cotton prices. The path for cotton futures remains sideways to lower. Weekly export sales show China purchasing U.S. cotton.

Read more at Yahoo Finance: Cotton Is Under Serious Pressure and Corn Prices Just Hit a 4-Week Low. Grain Bulls Need to Step It Up.