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Biden to speak to nation, confer with G7 leaders | Markets reacting to invasion
Corn, soybean and wheat basis held or firmed over the past week despite surging futures prices.
Winter wheat futures soar to nine-year highs on escalating concern over Russia-Ukraine conflict, corn and soybeans also rally.
Wheat crop condition ratings continue to show declines, China reiterates plans to increase domestic soybean production and the DOT allocates funds toward ports...
Surge in commodity prices from crude to metals to wheat is pausing today
Soybean futures extend rally to nine-month highs on exports, reduced S. America crops; wheat up on Russia-Ukraine concern.
Individual state crop condition ratings showed further deterioration of the HRW wheat crop during February.
Corn, soybean wheat futures soar to multi-month highs on concern Russia-Ukraine escalation will disrupt global grain trade.
Soybean futures posted contract highs overnight, while the wheat and corn markets faced light profit-taking after Tuesday’s rallies.
USDA’s Cold Storage Report showed a smaller-than-normal build in frozen pork stocks during January, while beef stocks rose versus a normal small decline during the month.