Markets remained under pressure today amid the scare of a recession and a drop in demand. The fear is somewhat overstated in grains and oilseeds since recessions tend to impact banks, manufacturers, and consumer discretionary industries - not so much non-discretionary items like food. Moreover, any recession is expected to be a mild one given an objective view of the balance sheets for banks and consumers. In fact, Federal Reserve Chair Jerome Powell told Congress we have turned the corner on inflation, presumably because of last week’s large hike in the interest rate.  The exceptional factors remain China’s imbalances and COVID practices, plus Russia’s war in Ukraine, with the former bearish for ags and the latter u...