News
Winter wheat futures surge expanded 85-cent limit on Russia/Ukraine disruption; corn and soybeans also higher.
Surging prices rekindle food vs. fuel debate
Winter wheat futures rally daily limit for third straight day as Russia-Ukraine war escalates; corn extends rally above $7, soybeans firmer.
Winter wheat futures locked up their 75-cent daily trading limit overnight, while spring wheat rose its 60-cent limit. Corn traded sharply higher, while soybeans posted just slight gains.
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.