Monday, August 4, 2008

Grains Begin Trading Again

Within just 30 minutes, buyers in the grain market stepped in and eliminated the build-up of sellers. There was an ask pool of more than 40,000 for soybeans. The ask pool was eliminated so that both corn and soybeans have begun trading again. This is fairly common. I have even seen days in which some grains reached both their limit up and limit down prices on the same day! Anything can happen!