Grain futures advanced in the morning on reduced planting progress but collapsed in price throughout the session.
Grain futures advanced in the morning on reduced planting progress but collapsed in price throughout the session.
Grain futures are sharply lower across the board with soybeans leading the decline with cracks in the forecast allowing some planting soon.
Grain futures have a lot of bullish news around for corn and soybeans, but they just can't seem to race through highs made two weeks ago and hold.
The US dollar is becoming a problem for commodities, with the US dollar bolting 4% in value in the last five days.
Grain prices transverse unchanged multiple times from the night session into the day session.
Grain futures had early strength this morning on concerns the crop is not going in fast enough for corn planting, along with wheat conditions continuing to erode.
Grain futures have transverse the unchanged value several times a day and not by a minor amount.
Today despite Indonesia banning palm oil exports, July soybeans plummeted almost $0.60 from morning session highs.
Wheat futures lose as much as $0.35 during the day session, as premiums to world values are corrected.
Wheat futures caught a lot of selling today, but recovery in soybeans and corn helped limit some losses.
