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Winter wheat futures rally near decade-highs amid concern over Russia-Ukraine war; corn, soybeans also up sharply.
All three within expectations
Grain and soy markets are posting solid gains to start the week. Cattle futures are under pressure as hog futures work on a rebound from last week’s weak technical performance.
Wheat futures lead grain, soybean futures sharply higher on intensifying concern over Russia-Ukraine war.
Short-term chart trend for wheat turns bullish.
Grain and soy markets posted strong gains overnight, led by wheat, amid increased anxiety with the Russia/Ukraine crisis.