Grain futures collapse from not only rain but recession.

Classic in the theme we said yesterday, there's a strong correlation with grains collapsing the day after crop reports whether friendly or price negative.

It's June 30, and the big acreage along with stocks data was released in today's session.

'Grain futures started Sunday night extremely weak with big losses, but soybeans found a bid.

Corn and soybeans find a re-spiked from three days of heavy liquidation, while wheat continues lower as harvest pressure intensifies.

In today's Heartland Market Talk, we review why index funds are selling aggressively grains even though the threat of production slipping is still in front of us.

Corn and wheat are trying to mount a recovery from the heavy losses on Tuesday, but soybeans continued to precipitously drop as veg oil markets collapse around the world.

Grain fractures scratch that grain futures imploded today on a slight improvement of the weather forecasts this week for the Midwest.

Today grain futures have gone from a sharply higher start to sharply lower, with wheat losing some $0.40 on the day.

After several days of risk-off, liquidity selling in the grains, the US dollar is now sharply lower allowing the grain markets to get back to the business of concerning whether.