Grain and soy futures markets had a relatively placid day, although they swung in relatively wide ranges. However, trading volumes were relatively light. General Comments What Monday does, Tuesday undoes – or so it is said. On Monday, world stock markets suffered steep losses on fears that China's economy is worse than portrayed by government data and that the government was unwilling or unable to do much to counter the economic slowdown. All of this is clear evidence of how intertwined the global economy really is and how important China is to it. However, after Chinese stocks took another battering today, China's central bank lowered interest rates and cut the amount of reserves that big banks are required to hold. This should increase...