First Thing Today
For the first time since the onset of the war, Moscow expanded their missile strikes to attack Danube River port infrastructure.
Grain futures rebound from sharp losses, big banks pass Fed stress tests, U.S. beef supplies up sharply.
Corn and wheat futures extended Tuesday’s losses overnight, while the soybean market traded mixed.
Wheat futures faced heavy price pressure overnight, which pulled corn lower. Soybeans are mixed following two-sided trade overnight.
Indonesian officials clarify palm oil export ban
Chinese central bank governor stresses price stability
Soybeans were also slightly lower overnight, pulling back from Tuesday’s gains.
A mildly weaker tone has developed this morning after quiet trade overnight.
Soybeans, along with soyoil, led price strength in the grain and soy complex overnight.
Grain and soy futures found followthrough buying overnight, supported in part by outside markets.