Pathetic last two days, this with US rice down 20% from last year and Australia wheat forecast way down for their current season. I do believe in market manipulation, and William O'Neil, a great stock picker of the past and founder of Investors Daily has written he likes a double bottom with the new bottom lower than the one being tested. He calls it a "bear trap", and very bullish if it starts up again.
Also, the California drought, which affected the US bread basket in like 2012 2014 too could be returning.
Dollar falling makes it cheaper to export our food to countries with a stronger currency. Second,gasoline is 12% higher than a year ago, farming is energy intensive.