Grain and financial markets remain highly volatile, with shifting global developments driving sharp daily changes. Randy Martinson of Martinson Ag Risk Management says expectations for stronger crude oil and a firmer dollar quickly reversed, sending commodities lower. Soybeans have come under pressure following the postponement of a meeting between President Trump and China’s Xi, while corn continues to trade in the middle of its range and wheat remains weak. Martinson says crude oil and cotton had been among the strongest performers, but news of a potential ceasefire involving Iran triggered another downturn across commodity markets. At the same time, the Dow Jones showed signs of recovery, which could lend some support to livestock markets, including cattle, in the near term.
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