date:Jul 09, 2014
Grain markets staged something of a turnaround Tuesday, although it was hardly the most convincing in early deals.
Chicago traders say that a strong trend on a Monday is reversed the next day, which should speak of healthy gains this time, given the extent of the declines in the last session.
Then, wheat plunged 4% to a four-year low, while August corn futures dropped temporarily below $4 a bushel, and soybeans fell 2%.
However, compared with those declines, the recovery this Tuesday was smal