News
We expect widely varied trade in the grain and soy markets this morning amid pressure from weather and support from escalating tensions in the Black Sea region.
Short-term trends turn bearish for corn, soybeans and wheat.
Soybean futures were pressured overnight by weekend rainfall across the Corn Belt, while wheat rallied amid mounting tensions in the Black Sea. Corn was caught in the middle and traded on both sides of unchanged.
USDA reports Friday | Inflation reports from U.S., China | Ukraine hits Russian oil tanker
USDA’s annual survey finds 8.1% gain in average cropland values
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Oil production cuts, prices rise | Ukraine attacks Russian port | Baseless reason for base update
Grain and soy futures are expected to open solidly higher amid increased geopolitical tensions.
Corn, soybeans and wheat traded sharply higher overnight amid rising geopolitical tensions after Ukraine attacked a major Russian Black Sea port.