Don’t take it personally that markets across the board showed weakness today. Exceptions being the dollar and lean hogs. The problem is dropping consumer sentiment as growth slows in Asia and worries grow about inflation. Notable was the Biden Administration’s announced plan to attack ransomware attacks by targeting cryptocurrencies. Bitcoin fell 1.3 percent and Ethereum dropped 5 percent in value.  Chicago agricultural commodity futures are additionally pressured by the eminent boost in supplies via what could be a very rapid harvest. The pressure is mostly on cash, however, and futures are holding up relatively well.  Harvesting will benefit from mostly dry and warm conditions. There are some rains in the southeast...

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