Grains look vulnerable to following through on weaker finishes from last week unless a significant crude oil rally is sustained, which is in question after that the last two weeks saw crude oil making highs to start off and coming down from there. Attacks on Israel continued Sunday by Iran from the south and Hezbollah in the north. Attention was on an Iranian ultimatum from President Trump. In the Headlines Last week ended with the stocks at new lows, for the S&P futures to be down 330 points for the month to date. Nearby crude oil futures finished the week just under $100 to hold a gain of $31 so far for the month. In aftermath of the Fed meeting, the 2-year Treasury yield rose to a new 8-month high of 3.9 percent. May soybean futures closed last week with a loss of 64 cents while May corn rebounded to just 1 3/4 lower. Cattle aligned with the stock market every day until Friday, with April live holding up $3.15 last week while April hogs were down $2.17. President Trump posted a few newsworthy comments on his Truth Social page this weekend, including one with another reference to ‘winding down’…
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