
Grain futures markets were facing selling pressure Monday morning as a risk-off mentality took hold in the general marketplace. The U.S. stock market sold off sharply following the surprise weekend news that China is apparently seriously challenging or overtaking U.S. leadership in the development of artificial intelligence. A small and relatively new Chinese company called DeepSeek claims it has produced a large language model that rivals many of the leading U.S. models -- at a fraction of the cost.