The main trend is still down for all three major grains, but according to Marty Hibbs, the worst is now behind us.
He notes corn is now seeing support at the $3.25 level on the December contract.
The Grain Farmers of Ontario analyst feels if the situation is right, support could go up another 20-30 cents.
Wheat is now trading 45 cents higher on the Minneapolis contract than it did on Labour day.
Hibbs says although Chicago wheat hasn't had the same level of success, it could follow suit as a rally is quite possible.
He adds more will be known after a re-test of the market in the coming weeks.
The analyst points out the charts for soybean prices are not as encouraging as that of wheat and corn.
He suggests the red sell signal from last week could be a bit of a concern, even though support for soys has been consistently at $9.25 for the last two months.
