Markets endured another day in a row of risk off trade with winter wheat leading us to the downside. We did finish off the lows of the day but all three complexes (wheat, corn and soy) were sharply in the red on Tuesday. Talks of peace between Russia and Ukraine was the biggest driver of the markets on the day as we also position ahead of Thursday’s big USDA numbers. Cattle markets were the only ag market in the green today while hogs were under 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 Matt Bennett of AgMarket.net on today’s Market Talk below: