On Again, Off Again… Rinse and Repeat

08/14/2026 Click Above to Watch the Morning Market Talk Video On Again, Off Again… Rinse and Repeat On the Grains: The wheat market remains highly sensitive to geopolitical headlines amid the heightened attacks in the Black Sea region. Wheat jumped double digits early this morning as Russia reportedly rejected a Ukrainian proposal for a ceasefire in the Black Sea, which ironically is what triggered a sharp fall from Thursday’s intra-day highs. Moscow also dismissed the idea of returning to the old Black Sea grain export agreement. The price tone is higher overnight, but it’s been highly choppy and sideways for nearly the past six months.Corn and soybeans are also higher overnight. Their greater focus is weather, potential crop size and demand. Not surprisingly, their price trends have also been highly choppy and sideways since late winter/early spring. All three markets are being driven by a set of highly volatile factors that can change rather rapidly, causing sentiment to shift. The result has been back-and-forth trade – money flow in, money flow out… rinse and repeat. Corn Belt Deluge, Extreme Conditions Continue An intense week of weather continues this morning, with another wave of heavy rains pushing through the corridor from…