This was not so much a day of trade based on commitment but on ambivalence. Volume was modest at best, except in Feeder Cattle. Corn, soybeans, and wheat traded both sides of nowhere, influenced in part by Wall Street concerns about a recession, and the forecast for rain in Argentina. Apparently not worried about inflation is new Brazilian President Luiz Inácio Lula da Silva, who said his country’s target of 3 percent could be raised to 4.5 percent.  Pessimism was not helped when China reported growth last year at just 3 percent, the weakest in decades. Chinese demand remains critical, as do competitor supplies in a world with tight stocks and geopolitical worries. The UN noted that the slow movement of Ukrainian grain vi...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America