Bears took control of the price action in today's grain and soybean markets, as corn ended the day 2 cents lower in most contracts, and soybeans finished 10 to 14 cents lower.
"Grain and soy futures faced profit-taking coming off Tuesday's strong gains," said Pro Farmer's Brian Grete. "Outside markets, which were price supportive yesterday, were a source of price pressure today."
Soft red wheat futures dropped 2-3 cents, hard red wheat contracts ended 4-5 cents lower, and spring wheat futures plummeted 9 to 10 cents at market close today.
Listen to Grete's full comments on the grain and livestock markets here:
Want to talk markets with fellow farmers? Visit the AgWeb discussion boards.