The CBOT sold off once again amid pronounced pressure from outside macroeconomic markets. Last week’s Fed interest rate hike – the fastest since the 1970’s – combined with Britian’s new economic policy and the election results in Italy sent macro traders into a selling frenzy. The big concern, of course, is the looming threat of a recession, which could dent demand for physical commodities. The CBOT, despite tight stocks predicted for corn, wheat, and – to a lesser extent – soybeans, succumbed to the selling to start the week and major ag markets all headed lower. Notably, the selloff was the most pronounced in the livestock markets as falling meat prices combined with a semi-bearish Cattle on Feed...