Late start, selling in the grains

Due to a poor night's sleep, I began the trading day quite late today. Grains across the board are in selling mode early in the trading session. The chart at right is wheat as it approaches its lock limit down price less than 1 hour into the trading day. The burgundy-colored horizontal line at the bottom of the price chart is wheat's lock limit down price for the day.

Soybeans is also down significantly today. The second chart is soybeans. It has shown some weakness over the past few days after parabolic price rises early last week. This is fairly typical, and prices had felt somewhat overbought for a few days. The uptrend in soybeans remains intact, but there is a bearish divergence that has formed on the daily chart in the Klinger volume indicator.