It's become a daily event with soybeans making new contract highs. The culprit continues to be declining production ideas out of South America.

Today was another day of soybeans gaining over $0.20 and wheat futures losing $0.20.

Explosive fireworks today with soybeans pressing new contract highs as Malaysian Palm oil trace the new all-time high prices, with Indonesia looking to lower food costs and fuel cost domestically by blocking exports. This throws support the veg oils.

Wheat futures tumbled sharply for the second day in a row, giving up over half of their gains made in six days.

Grain futures had seen soybeans explode over $0.30 while wheat prices declined $0.30.

Wheat futures recovered over a dollar a bushel into which the upside on the Russian/Ukraine disputes. Also, corn and soybeans are on the rebound with corn almost achieving new contract highs.

Corn futures find strength today while the wheat consolidates and soybeans retreat.

Soybeans rocket $0.30 higher today, leaving corn and soybeans in the dust.

Sharp price moves continue to the upside as the market eyes concerns with the Ukraine- Russian border, along with South American rains becoming disappointing.

First trading day after a three-day weekend we have a sharply higher wheat market in a sharply lower soybean market.