Grain futures tumbled again today after overnight strength failed to be maintained. Lack of volume and follow-through buying interest from end users allowed soybeans to go into a sharp correction from Monday's highs while corn has returned to its previous lows from last week. Heat hits this week, but the Pro Farmer tour is looking for pod counts […]

Soybeans share shooting higher on the heat for the Midwest this week, while the prime minister Romania says a lot spring 60% of Ukraine's wheat run into our country to Europe driving wheat prices back to their lows.

The Pro Farmer tour gets underway next week, and they will be working under very dry/hot conditions which might affect their yield perceptions.

Today we had soybeans and corn move higher while wheat moved the opposite direction again. Better yields out of Russia and a Hong Kong flagship pulled grain out of the Black Sea from Ukraine which was negative for wheat today, while soybeans and corn are worried about next week's hundred degrees temperatures.

A lot of 100-degree heat during next week's Pro Farmer tour will have yield thoughts creating a concern on pod weights with soybeans pushing higher well above the $13 mark.

Positive crop ratings yesterday put grain under pressure today and they cannot overcome that theme. Outside markets also all sharply lower, leading to the selling interest. High temperatures are on the way after this weekend, grain trade for now seems unconcerned.

Large diversions in trade ideas day between wheat and soybeans.

Quick run down of todays WASDE crop report numbers and the afternoon markets

Grain trade had seen strong overnight gains on soybeans that were trimmed as dry weather is becoming concerned for the last half of August with rising temperatures.

Even though crop ratings came out higher-than-expected yesterday, overnight lows rechallenged Monday's action and found recoveries with corn challenging five dollars today and soybeans back over $13.