Agriculture News
SRW wheat basis firmed and HRW basis didn’t drop too much given the surge in futures.
Winter wheat futures are sharply higher this morning in followthrough buying, though well off their overnight highs. Spring wheat is mixed, while corn and soybeans are lower.
Chip Flory and Jim Wiesemeyer discuss the Putin’s attack on Ukraine and the domino effect to the economy, including energy prices and trade. Plus they preview President Biden’s State of the Union address
Winter wheat futures surged above last week’s highs amid disruptions to Black Sea wheat exports. May corn futures traded near their highs, while soybeans and spring wheat remained well below last week’s peaks.
Grain and soy markets posted strong gains overnight, led by wheat, amid increased anxiety with the Russia/Ukraine crisis.
The figures for Feb. 1 feedlot inventory and January placements and marketings were in line with pre-report expectations.
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Corn, wheat and soybeans export sales above expectations