Chicago soybean futures fell under $13 a bushel near 35 week lows. Hurricane Ida halted traffic on the Mississippi river and caused power outages and damaged grain elevators and port terminals. Prices way up lower demand and trapped supply.
Corn and Soybean Futures were crushed over 5% after the USDA realised higher than expected production and yields Tuesday. Both contracts were sitting vulnerable after triple tops and trading under the Ichimoku clouds.