Beans register a minor reversal for the current down move. Bean oil sees a reversal as well. Meal saw a minor reversal on Tuesday. I am not going to say these are the season s lows, but rather the beginning of a correction within the major down trend. I am not sure just how much the markets will correct.
Beans can easily get back into the gap from last week.
Beyond that depends on just how many cash beans move. As of this writing I would have to assume that a great deal of cash beans will move. Harvest should be back in full swing by the weekend in the wettest areas. Basis levels have been firming at most locations in response to the slow movement. I doubt we will see a strong basis by the weekend.