The sharp pressure in stocks and energies weighed on the broader commodity sector today as inflation worries continued to be a force in the market. Corn and wheat held up admirably though on the day Monday. Corn was mixed with new crop a bit higher while U.S. wheat prices survived the day, roughly unchanged. July soybean meal posted the largest percentage loss among grain-related contracts, ending down $14.00. We also significant pressure on soybeans and the cattle markets as well. Hogs rallied late to finish mixed.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with John Heinberg of Total Farm Marketing and Jesse Allen on today’s Market Talk below: