Jeff Wilson joined the Pro Farmer team in 2018 as our senior market analyst.
Corn, soybean and wheat futures are under pressure amid concerns about a resurgence of coronavirus infections. Favorable near-term weather forecasts are also a weight on futures. Livestock futures open the week mixed but mostly lower.
Weak Charts add to selling pressure.
Markets waiting for Chinese buying.
Quiet trade expected ahead of the start of USDA Outlook Forum in Washington on Thursday.
China announces new retaliatory tariff cuts to boost ag purchases.
Markets still capped by ample world supplies.
The health crisis added to uncertainty as to the scale of Chines purchases of U.S. ag goods under the Phase 1 trade deal.