Corn has briefly touched its lock limit down price overnight, and soybean prices have retraced from recent highs. Wheat has now backed away from its upside lock limit price of 90 cents, and has begun trading freely again. I have been expecting a retracement such as this. Prices were simply rising too rapidly for a healthy bull market. Soybean prices have also retraced somewhat similar to the corn price chart. Trading in all the grains has been unusually active for evening and overnight trading.Corn is show above and wheat is shown below.
