There is a sustained liquidation in commodities today, and it is almost across the board. Crude oil seems to have triggered the sell-off, with grains following at the open this morning. Corn is close to lock limit, and soybeans is lock limit down almost from the opening bell. The upper chart is this morning's trading, and the lower chart is the daily chart. The bearish trend in soybeans is now firmly established! Soybeans have now reached their lock limit down price five times in the past 10 trading days!
Intra-day Soybean Chart
Daily Soybean Chart
