Welcome to Markets Desk, here's where things stand this Tuesday.
Corn took a hit across the board today, with futures sliding four and a quarter to six and a quarter cents lower and closing near session lows. Cash corn nationally settled around four dollars and ninety one and a half cents. Crop Progress data showed fifty-eight percent of the corn crop mature as of September twentieth, and with harvest pressure building, buyers are stepping back.
Cattle markets reversed sharply after Monday's strength, with live cattle futures off as much as two dollars and fifty-five cents at the close. Feedlots are keeping things quiet on the cash side this week, compiling showlists before committing to trade. Feeder cattle followed suit, shedding up to three dollars and fifty-five cents as the early-week momentum faded fast.
On the tech side, McKinsey is raising a flag for companies leaning hard into AI agents. The firm warns that cost variance between different runs of the same task can reach as much as thirty times, meaning AI spending could climb well beyond current budgets. That caveat lands at a time when enterprise AI commitments are already substantial and growing.
That's the tape. Markets Desk, signing off the floor.
