First Thing Today
The Federal Reserve Bank of Chicago’s quarterly ag banker survey finds gains in first quarter land values.
Soybean futures firmed despite a gap lower on the overnight open, corn futures have pivoted near unchanged while wheat continued recent weakness.
Corn futures saw some slight pressure overnight while soybeans continue to show relative strength. Wheat futures showed moderate strength as well, led by the HRW and HRS contracts.
Grains are mixed overnight, but soybean futures continue to rally.
Grains were relatively flat overnight but soybeans continue to face pressure.
Grains saw mixed action overnight despite the overall risk on attitude of the market.
Corn and soybeans saw strong overnight gains, though wheat faced modest losses.
Corn and wheat saw follow-through selling overnight despite a strong close yesterday. Soybean futures have traded on both sides of unchanged overnight.
After explosive trade yesterday, corn, soybeans and wheat traded lower overnight.
For the first time since the onset of the war, Moscow expanded their missile strikes to attack Danube River port infrastructure.
Following Russia’s threat of any ships heading to Ukrainian ports being regarded as military vessels, Ukraine released a similar warning for ships heading into Russian ports or Ukrainian areas occupied by Kremlin troops.