The grain markets experienced broad selling pressure during today's session. Soybeans futures declined for a third consecutive day, surrendering approximately half of the gains accumulated over the previous two weeks as the U.S. dollar moved higher. Option open interest saw significant activity with additions to both call and put sides. Corn futures also retreated as market participants determined that current demand levels were insufficient to sustain higher valuations, despite a slight decrease in cattle inventory. Money managers maintained short positions in corn as prices remained within a established range. Wheat futures closed lower as a period of short covering concluded and the market reacted to a drop in WTI Crude Oil futures and a stronger U.S. dollar. Hearty global supplies and net short positioning by fund managers across futures and options contributed to the downward momentum in wheat prices.