Corn and soybeans tumble as rain moves into Midwest: Podcast

Wheat markets lower despite rain in harvest areas.

Corn and soybeans returned from the three-day holiday weekend by trading sharply lower on Tuesday, with contract lows set in the corn.

The selling followed the beneficial rain that fell in the Midwest during the weekend. Also, forecasts call for more rain this week.

Wheat futures traded lower and set more contract lows, despite rain in Kansas and Nebraska slowing the harvests there.