Monday, February 25, 2008

Soybeans, Corn Active in Evening Trading


Soybeans and corn have both showed very active markets in evening trading tonight. Both have sold off and are now trading below their settlement prices for the day session. Wheat remains at its lock limit price. The grains markets lately have been feeling somewhat overbought and ready for a correction. It will be interesting to see whether this retracement will last into trading during the day session tomorrow also.