The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday.
On Monday, one excuse was that Friday’s bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some profit-taking during the first two days of the week. With rice being the only commodity in the green today, Wednesday will prove to be a real test for the overall direction going forward.
Shaun chatted with Matthew Pot, Grain Perspectives, after the markets closed on Tuesday about all of the grains, oilseeds and meats, digging into what exactly happened on the July 25th trading day.