Crude Oil
Grains futures all made new highs for the move in the overnight session but could not hold on to gains during the day says Garrett Toay of AgTrader Talk with a pick up in farmer selling.
Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.
Grains markets all hit fresh highs for the move on Friday as funds piled into buy in the complex. Chip Nellinger with Blue Reef Agri-Marketing says they were adding risk premium.
Scott Varilek with Kooima Kooima Varilek says the uncertainty of the war in Iran has caused some reallocation of money this week.
Allison Thompson with the Money Farm says the rally in crude oil is causing the money to flow into he grains as a hedge against inflation.
Grain markets eased on Wednesday in tandem with the cooling energy markets, including crude oil says Alan Brugler of A&N Economics.
Grain markets were lower on Wednesday morning as Rich Nelson of Allendale says they are seeing spillover from easing energy markets.
Corn and wheat futures were lower early Wednesday seeing some profit taking after a higher close Tuesday says Darin Newsom, senior market analyst with Barchart.
Mike Minor of Professional Ag Marketing says grains saw technical buying on Tuesday while livestock fell with the financial markets on the conflict between Iran and Israel and a flip flop on ICE raids in packing plants.
Darin Newsom, senior market analyst with Barchart, says grains are slightly higher Tuesday morning. While outside markets are reacting to the conflict between Israel and Iran.