McLean County Farm Bureau


Recession fears rose on Wednesday after an uncommon bond market event, known as an “inversion” of the yield curve, signaled that a downturn is likely approaching. The last yield curve inversion (basically, when short-term Treasury yields exceed long-term yields) came in 2007 before the financial crisis, and the phenomenon has occurred ahead of every recession since the 1950s. The Dow Jones Industrial Average sank 800 points on Wednesday – its largest drop of the year. Corn futures prices continued to drop as the global economic worries spilled over into grain markets, extending their decline after Monday’s USDA report forecast higher 2019 corn production than analysts expected. (Politico)