Grains Ebb and Wane, Close Much Higher

Each of the three grains that I trade showed their distinct personalities today, but all closed at significantly higher prices than yesterday. Soybeans closed at a new all-time high closing price, just a few cents from the record all-time high price ($13.74 4/8) recorded just six days ago. Soybeans also literally closed at session highs, reaching new records in the last gasps of the session. This chart shows the daily prices for soybeans on the left, and a 15-minute chart on the right. Corn is also nearing its all-time high closing price ($515) that was reached on 1/14.