Grain markets are seeing pre-report positioning ahead of tomorrow’s Prospective Plantings report, with traders cautious as uncertainty builds. Ongoing conflict with Iran continues to weigh on the trade, keeping geopolitics front and center as energy and fertilizer concerns ripple through the market . At the same time, a lack of rain remains a major issue, especially across the western Corn Belt and key winter wheat areas, adding another layer of concern as planting season approaches. In livestock, the cattle market started the week strong, with live cattle posting gains after coming off oversold conditions.
Monday Market Wrap Up with Cory Bratland with AgMarket.Net
