Future contracts for the majority of grain commodities moved lower following the release of this week's World Agricultural Supply and Demand Estimates report.

Those same contracts that dropped early in the week, started showing some strength again on Thursday.

Grain Market Analyst Brennan Turner says a number of factors are contributing to the market changes including news that the ending stocks came in higher than expected.

"Second is that we were starting to see some some movement potentially of Ukrainian grain, out of ports that have largely been stalled and not moving any grain. So there's a little bit more optimism about that happening. And I think the third one is that all things being equal, despite the late start especially in Western Canada and the US northern plains, the crop is looking not too bad."

Another factor contributing to the drop is just the seasonal timing at this point.

Turner adds at this point the focus is on growing the crop adding that most of the farmers he's talked to are cautiously optimistic.