However, the grains across the board have gone ballistic and prices have broken out of their recent tight trading range. Perhaps this time, prices won't collapse tomorrow in a continuation of the see-saw price action of the past few days. Overnight, grains prices collapsed again, reversing direction from yesterday's day-time price behavior. However, today, grain prices have reversed again and moved substantially higher. The grain analysts were generally expecting lower prices this morning, so this is a surprise to everyone.
The chart above shows the same soybean daily chart as the one I posted overnight, but this time, instead of grains moving lower, prices are moving strongly higher. What a difference a few hours makes.
However, the grains across the board have gone ballistic and prices have broken out of their recent tight trading range. Perhaps this time, prices won't collapse tomorrow in a continuation of the see-saw price action of the past few days. Overnight, grains prices collapsed again, reversing direction from yesterday's day-time price behavior. However, today, grain prices have reversed again and moved substantially higher. The grain analysts were generally expecting lower prices this morning, so this is a surprise to everyone.
The chart above shows the same soybean daily chart as the one I posted overnight, but this time, instead of grains moving lower, prices are moving strongly higher. What a difference a few hours makes.
