Grains Slide Lower Across the Board

Corn is approaching limit down today, after sliding gradually lower across the board. The limit down price is shown on the left chart as a burgundy-colored dotted line. Soybean and wheat prices have followed suit. Typically, especially in this case in which prices have slowly and gradually declined throughout the session, prices will bounce off the limit price in the opposite direction. I wouldn't be surprised if that occurred today. How much that bounce will be is anyone's guess.