We saw pressure throughout the ag markets on the day on Monday. Plenty of chart related selling pressure seen in the grains today as well as livestock with cattle posting an outside reversal down day. Wheat under pressure thanks to Australia’s wheat crop getting revised to be larger. Soybeans under pressure across the board while corn was down moderately thanks to spillover pressure.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Jesse Allen and John Heinberg of Total Farm Marketing on today’s Market Talk below: