The CBOT and broader financial/macroeconomic markets reflected uncertainty and rising geopolitical risks on Tuesday with traders adopting a strong “risk off” mentality. Rising tensions in the Middle East with Iran and Israel’s proxy fight threatening to dissolve into an open war sent crude oil futures higher and CBOT markets lower as traders headed for the exit in advance of what looks like looming volatility. There was little fresh fundamental news for the grain markets on Tuesday, so the geopolitically motivated trade drove much of the day’s action. The only bright spot – aside from oil – was in the livestock markets where cattle futures recovered a bit from Monday’s selloff and hog futures exten...