Grains Move Independently

Often, the grains and oilseeds will move somewhat in sympathy with each other, with price in corn moving up as soybeans does, or with wheat moving down as corn does. Not today! The various grains are showing a stroke of true independence today, with corn and wheat moving higher, and soybeans moving lower for the the day.

Sometimes, if I'm unsure which direction a break-out will occur with soybeans, I will look at what is happening on the corn charts, because the two often move in sympathy with each other. Today, however, they are moving quite independently from each other.