Wheat Weak, Soybeans Lock Limit Down

Global softening demand and good conditions for a strong soybean harvest in South America are continuing to suppress soybean prices, which have opened lock limit down this morning. "Traders continue to cite liquidation in soybeans and soybean oil as a key influence in generating weaker wheat prices," according the the Chicago Mercantile Exchange. However, wheat trading overnight showed soft volume, and trading has begun in a lackluster way. Corn is also soft, having just reached lock limit down moments ago, less than ten minutes into the trading session. Wheat, it appears, is the only game to play today, until the bottom is reached in soybean and corn trading.

Corn