Grain and soy markets trade on changing perceptions about inside (fundamental) and outside (macro) inputs, and seldom (if ever) do they all line up to push prices in the same direction. In mid-May, the number of those inputs is on the rise, but this has not improved the clarity of their potential influence on price direction for those futures markets. The inputs presently facing markets include the following: - Today’s financial markets have reacted with some turbulence to weakening T-bonds that have increased yields. Return on the 10-year note jumped to 3.06 percent, the highest since 2011 as the Commerce Dept. reported consumer spending ramped up in April. The U.S. Dollar Index climbed 70 points, although it has since fallen back s...

TAGS – Feed Grains, Soy & Oilseeds, Black Sea, China, North America, South America