The three grains have taken divergent paths into the close of the day session and week. Corn was relatively unchanged for the day. Soybean prices have once again closed higher and reached new all-time high prices. One factor that appears to continue to support strong soybean (and corn) prices is that soybeans are used for food for both humans and livestock, as well as continued talk of using soybeans as a fuel source to replace crude oil. Wheat has continued to sell off. The upper chart is soybeans, and the lower one is wheat.
