Further weakness in the grain trade overnight. Will Turnaround-Tuesday arrive?

Grain markets soften on European selling; Russian ruble strengthens; canola drops support soy oil; Argentine rain forecasts ease; cattle, beef prices rally on supply cuts.

The grain trade is softer this morning, led by wheat after Monday evening's firm trade. Weakness entered the grain trade as European selling arrived after 1:30 when their market started to open. Soybeans again challenged the 100-day MA and the mid-February low near 1041.2, in the night session was held so far. Outside market influences are negative, wit…