Wheat futures struggled all day today as Russia this morning announced their wheat stocks were 35% higher than last year, surprising the trade. It appears Russia will continue to undersell the marketplace. Wheat rallies mostly hinge now on any damage that might ever occur to any of the three ports that are trying to export grain. Soybeans turned higher from a lower night session as rains entered Western Argentina. But the GFS weather models this morning stayed with a hot, dry pattern through Christmas.

The wheat market was higher but not before dropping $0.20 during the day off its highs and then came charging back. Markets have thin holiday trade while the soybean market starts to worry about spelling rain in Argentina's future.

Soybeans can't shake the concerns of the dry trend in Argentina while Brazil continues to have optimum weather. This is helped soybeans recover back to potential best close of the fall rally.

Soybeans experienced a strong recovery today of almost $0.30 at one point, as weather bottles turned back hot and dry for Argentina, while corn and wheat seem to of lost their luster on the Odessa Port export shortfalls which appear temporary

Russia knocking out electricity for the Odessa Port has the wheat market sharply higher today, while soybeans moved sharply lower on rains in Argentina. We will update you in the Heartland Market Talk podcast today.

In today's Market Talk, we discuss the USDA data released and how the numbers were mostly near expectations. We also talked about how the weather is developing in South America for the weekend.

Today we explain why we had experienced another sharp move on the upside in soybeans but this time wheat joined the party.

Not only did wheat futures make new lows for the year, soybean futures put in a sharp rally to come within six pennies of last week's highs. Markets are extreme, and we will break them down.

Why did wheat implode again today, we give the answers in today's Heartland Market Talk.

In today's market talk we discuss what set the corn and wheat market sharply lower along with soybeans which after plummeting yesterday are getting a small bounce today.