Lower Argentine wheat crop, Russian news troubling for safe grain corridor had helped grains advance this morning, but a resurgence in the US dollar took the bloom off the grain trade today.

The Bank of Canada did not raise interest rates as high as anticipated early today, which sent the US dollar sharply lower for the second day in a row, boosting commodities.

The Case-Schiller home index report showed the largest month-over-month drop since the housing crisis of 2008-2009. This sent the US dollar sharply lower in support of the grain complex for Turnaround-Tuesday did

Improving rains in South America and Pres. Xi being elected in China for a third term has grain futures lower as we get underway with this week's trading.

Soybean oil has moved higher since Monday's crush data, as soybean oil prices rose to the highest values since summer.

Harvest is rolling fast, but our exports are not. Grain is piling up along the Mississippi, and we have large FOB rates out of the Gulf that is just knifing exports when we should be at our best currently.

Soybean oil helped soybeans stay positive for the bulk of the day, while corn and wheat struggled despite a weak US dollar. Will break it down in today's Heartland Market talk.

Wheat futures tumbled to again new lows for the week, confirming that a potential fall high was set on Monday, as the UN seems to have the grain corridor out of Ukraine in the works to stay operational beyond November 22.

After tumbling $0.80 from Monday's high, wheat futures turned this morning higher on news that Putin may bring an end to this safe grain corridor. We discuss the ramifications of how it can be avoided.

Wheat prices gave up half of their limit up gains from Monday, as the Putin missile attack on Ukraine over the weekend turned out to be a tit-for-tat for the Crimea bridge being bombed.