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Nearby corn futures rise near 10-year high, winter wheat at four-week highs on concern over Ukraine, Plains drought.
Winter wheat rises to five-week high on concerns over drought, Ukraine; corn and soybeans also higher.
Winter wheat futures found strong followthrough buying in leading overnight gains in the grain and soy complex. December corn futures pushed to a contract high for a third straight session.
Winter wheat futures jump to two-week highs on concern over Ukraine disruptions; soybeans down sharply, corn mixed.
White House blaming Putin for inflation it believes will be ‘extraordinarily elevated’
Both the HRW and SRW crops showed mild improvement over the past week.
Wheat and corn futures are being supported by supply concerns amid the ongoing war between Russia and Ukraine. Soybeans are under pressure to open the week amid pressure from weakening crude oil prices.
Corn hits five-week high, wheat reaches two-week high amid ongoing Ukraine concern; soybeans expected lower.
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Short-term trend turns up for corn, down for crude oil.