News
Wheat futures seen extending profit-taking slide; corn, soybeans lower as weekly export sales drop sharply.
U.S. and EU close to deal aimed at slashing Europe’s dependence on Russian energy
Grain and soy markets faced price pressure overnight and are trading near session lows this morning.
Wheat basis continues to rebound, but remains much weaker than normal.
Nearby soybeans surge to highest close since September 2012 on firm demand; new-crop corn posts contract high, wheat tumbles.
Cattle on Feed Report expected to show record March 1 inventory
Biden heads to Europe, may offer U.S. wheat donation to Ukraine