Grains - Universal Price Weakness in Recent Days

Ding Dong, the Bull is Dead!
All the grains are showing a break-down of the bullish price structure that has prevailed for various months. This is the daily chart for soybeans. Note the heavy selling in the Klinger Volume indicator in the 2nd panel (blue circle), which has accelerated downward, but which had turned negative as early as Dec 28th.

We also see five consecutive closes below the Exponential Moving Average (red line -- changed from blue -- in top panel where prices are). Corn and wheat have somewhat similar selling patterns. The bull is dead -- at least for now! Turmoil on the heals of further Fed interactions with market forces may cause the inflation monster to resume, but for the moment, the bull in grains is over!