Markets today were largely driven by a trio of key storylines: the latest U.S. crop condition report, ongoing trade discussions between the U.S. and China, and the breakdown in peace talks between Russia and Ukraine. Grains reacted to the mixed sentiment, while uncertainty continued to hover over global markets. One bright spot emerged in the livestock sector, as feeder cattle surged to new record highs before the noon hour, highlighting underlying strength in that market despite broader concerns.
