In today's Heartland Market Talk, I review the conditions that took grain prices from a higher overnight crushingly lower in the morning session. Row crops are lower on fears that China would look unfavorably to the US grain prices with the Biden administration canceling diplomatic representation at the winter games, but as morning losses slowed, the reality is China hasn't been adhering to Phase 1 trade deal requirements and not aggressively buying US grain so it really doesn't matter. Also, wheat prices slumped early as Saudi Arabia took Black Sea wheat when they typically do buy US wheat and that disappointment had wheat prices down as much as $0.15 early in the session before recovering.