1245 ET - New record-highs for Treasury yields and their influence on a stronger U.S. dollar are a pressure point for commodities as a whole, says Brian Pullam of Linn & Associates. "Usually when we see this type of trade, wheat gets the brunt of the selling in grains," says Pullam. The most-active wheat contract falls 2.3% while corn slides 1.1% and soybeans drop 0.7%. The Federal Reserve will release the minutes from its last meeting at 2 p.m. ET, with investors watching for more details on the Fed's approach to managing inflation and whether more rate hikes are on the way.
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