Last night’s session produced a story similar to that told by overnight trade of grain and soy futures for much of the last few weeks – mixed price action, limited price movement and low trading volume. Corn and soybeans were 1-2 cents lower, while wheat managed to hang onto a small gain of a penny or so. When the day session began, however, macro factors began to weigh in and provide a level of influence on markets that was missing during the overnight session. In short, fears of a potential economic slowdown in the U.S. to echo the slowing economies of Europe and China began to weigh more heavily on asset prices. One source of the fear is the inversion of U.S. Treasury bond interest rates. The yield curve for Treasury notes h...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Biofuels, Equities, Energy