If Monday’s trade as all about the macro market meltdown, then Tuesday’s trade was about returning to normal. Global equity, bond, and currency markets mostly reversed course on Tuesday and pared back some of the massive losses they incurred over the past three trading sessions. That sentiment seemed to spillover into the CBOT, where corn and the soy complex resumed their prior trends of grinding lower. Both corn and soybeans are under pressure from expectations of a large (massive?) U.S. crop this year, and soybeans are battling questionable demand outlooks simultaneously. So, it’s little wonder the CBOT turned red for the day, except for wheat. Wheat futures managed to score a few cents’ gain as trouble is still br...

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