World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Reversal is the CBOT’s word of the day. Grain markets started out weaker overnight as concerns about the trade war with China deepened. Over the weekend, the yuan traded sharply lower as the Chinese government is likely manipulating its currency to defend against the latest round of Trump tariffs. Corn finished the overnight session down 7.25 cents, and soybeans fell to double-digit losses. Commodity markets were generally in a bad mood at the opening bell and quickly move lower. Notably, lean hog futures came under massive selling pressure, and at one point, all but the first two listed contracts were trading $4.50/cwt lower (daily trading limits were expanded based on Friday’s close).  The selling didn’t last too l...

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