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.

Grain futures find more liquidity selling, as the US dollar makes new highs for the year and multi-decades.

Record cash prices are being paid for soybeans in the Midwest and new record contract highs for old and new crop beans.

Wheat prices struggled today but found footing after the Russian/Turkey meeting did not find meaningful results for Ukraine to want to accept.

Today, grain futures have wheat sharply lower while corn and soybeans head sharply higher.

Sharply higher wheat prices led the recovery rally in grains today, as Russia reportedly destroyed a cargo grain export port in Ukraine over the weekend.

A large purchase of soybeans by Pakistan set soybean prices back to the best values of the year.

Grain futures moved sharply lower for the second day in a row after the three-day weekend, threatening wheat to near-limit down status again.

More ongoing rumors of potential Ukrainian grain exports continue to circulate.