News
The most actively traded winter wheat contracts are up their new 85-cent daily trading limit, while May and July spring wheat futures are up their 60-cent limit. Corn and soy complex futures are also sharply higher.
China reportedly buying U.S. corn after continued buys of soybeans
Wheat futures surge above $11 on escalating Russia-Ukraine conflict; soybeans up sharply, corn trims gains.
Cotton, beef and pork export sales increase
Winter wheat futures close near 14-year highs amid fears of Russia-Ukraine disruptions; corn erases gains, soybeans drop sharply.
May contracts for all three wheat markets topped $11 overnight, though HRS futures have since retreated below that level. Soybeans are firmer, while corn is mostly higher this morning.
SRW wheat basis firmed and HRW basis didn’t drop too much given the surge in futures.
Fed chairman comments | Farm groups focus on input costs, need for higher reference prices
Biden’s address falls flat for some, China will not join other nations in sanctioning Russia and market volatility continues...