With an abundant global supply of grain, low demand continues to be a market concern heading into the new year.

AgResource Company president Dan Basse says they've started so see some movement in stocks, with U.S. farmers beginning to sell corn, but not oilseeds. However, he says they are still trying to find ways to get rid of grain, with corn demand only up six million metric tonnes, and wheat demand up nine million metric tonnes.

"This means that as we go forward in time, the pressure on the farmer to sell more grain is going to be increasing as we get closer to the new crop," he says, "so we would look for the probably the lows in these markets really not to be scored until April or May of next year as we get into the fields and start to scratch the dirt to get the new crop in the ground."

Basse thinks sales from the producer might bump up more in the new tax year ahead of the January U.S. Department of Agriculture (USDA) crop report, but current prices are not competitive in the world market, still down near the 10 year low.

"We don't have an export bid, so that's part of our problem, that as the farmers start to step up their selling after the first of the year, we're not quite sure who the buyers are going to be. So we can imagine that corn could still fall another 20 or 30 cents before we make what we consider to be a winter seasonal bottom, probably right before or right after that USDA crop report in the middle of January," says Basse.

Basse says flax or durum could be bullish crops on market for next year, but it's hard to tell until weather plays out.