Grains price records obliterated!

While I mentioned last night that wheat had hit its lock limit up price two days in a row, this morning, soybeans smashed through the old record of $13.41 4/8 set on 1-14 to hit a new all-time high today (so far) of $13.73, stopping at the lock limit up price. That's a new record more than 30 cents higher than the old one in a single day! That's also 50 cents higher than yesterday's settlement price!

Wheat remains at its lock limit price that it reached last night (trading has halted), but corn has also smashed through its old record of $5.19 2/8. Corn is setting new all-time record high prices minute by minute, and will most likely stop at its lock limit price very soon. This chart shows the triptych of soybeans so far today. Click on it to see a larger version of the chart. Soybeans prices came very close to its lock limit price before backing off somewhat, but have now moved higher and stopped trading and the lock limit price.