03/03/2025 New Month, New Beginnings?

Above you will find today’s installment of Morning Market Talk. No More $2 Cattle You can click on the picture above to take you to this morning’s episode. On the Grains Most of the Monday morning headlines are covering the Friday blowup with Volodymyr Zelensky in the Oval Office and his weekend meetings with European allies. President Trump said Zelensky “is not ready for peace,” but the Europeans gave him a warmer reception that followed with the U.K. and France floating a ceasefire proposal. Watch crude oil for guidance on how traders feel the situation is developing. Oil prices have dropped about $10 a barrel over the last month and half with some of that pressure coming from traders thinking that a resolution of the war in Ukraine would release more Russian oil into the market. Lower oil and political uncertainty involving U.S. biofuel policies have combined as a headwind for grains lately. Trade policy is the other big source of uncertainty and if the leading headlines do not involve Russia/Ukraine this morning, they are about tariffs. New import charges are still on course for coming into effect against Mexico, Canada, and China starting tomorrow. It is also still thought…