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Grain, soybean futures soar to multi-year highs after Russia invades Ukraine.
General Mills warns it has been facing ‘acute supply shortages’
Corn and wheat futures are trading limit up in most contracts, while soybeans are sharply higher in reaction to Russia’s invasion of Ukraine. Front-month U.S. crude oil futures are nearly $7 higher.
Biden to speak to nation, confer with G7 leaders | Markets reacting to invasion
Corn, soybean and wheat basis held or firmed over the past week despite surging futures prices.
Winter wheat futures soar to nine-year highs on escalating concern over Russia-Ukraine conflict, corn and soybeans also rally.