Monday trade started out ok but quickly accelerated to the downside in grains, livestock, energies and stocks. It was more “risk-off” sentiment on the day as global recession fears continue to weigh on the trade and money continues to move out of commodities. End of the month and end of quarter pressure could be there as well as seasonal harvest pressure. Friday, USDA will release it’s Quarterly Grain Stocks number and the trade will be watching that closely.
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. We also talk weather with Eric Snodgrass of Nutrien, including more frost potential for the Upper Midwest, and we have a conversation with BJ Johnson of ClearFlame Engine Technologies: