The soy complex suffered losses on falling Brazilian production ideas and falling crude oil prices. Wheat and corn got some support from the geopolitical Russia-Ukraine standoff. As the equities markets melt down on expectations of rate increases to ward off inflation, ag commodities are mostly seen as a good investment in times of high inflation. However, it was mostly a risk off day across the ag markets.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
More analysis from John Heinberg of Total Farm Marketing and Jesse Allen on today’s Market Talk: