Global recession fears are being echoed loud and clear after three central banks (from New Zealand, India, and Thailand) cut rates and German Industrial Production fell sharply.
U.S benchmarks suffered their worst day of the year Monday and extended losses early last night after the U.S Treasury labeled China a currency manipulator.
S&P 500 futures finished sharply lower after President Trump announced via Twitter a September 1st deadline before adding a 10% tariff on $300 billion of Chinese goods.
Corn futures got taken to the woodshed yesterday as the end of the month positioning led to broad pressure in the Ag sector. Bean futures fell on no progress in the US-China trade deal.
