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.

Grain futures have wheat and soybeans lower while the corn market finds technical buying interest along with concerns the corn crop is irreparable in South America.

Reminiscent of 2021, January-June in 2021, grain futures were always pummeled the day after crop report.

USDA crop reports put out a slew of price negative domestic data, but it was South American data that saved the day.