The CBOT saw pressure develop overnight and continue through the day session as The Global Times reported that China is preparing retaliatory measures against the White House’s threatened additional 10 percent tariff against Chinese goods. Markets were also unnerved by the lack of clarity in President Trump’s plans for tariffs against all three countries, Canada, Mexico, and China. Traders assumed (correctly) that the lack of news was a bad sign. After the CBOT closed, President Trump confirmed the application of 25 percent tariffs against Canadian and Mexican goods, which will likely trigger additional selling. With macroeconomic markets plunging lower on Monday afternoon, it looks like the CBOT will be driven by risk-off trade...