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Russia-Ukraine tension drives gas prices | Rep. Hagedorn dies
Soybeans near $16 overnight amid export demand, S. America drought; corn mixed, wheat firmer.
Old-crop soybeans poked above $16 overnight, but key is whether there’s sustained buying above that level – something that hasn’t happened the two previous times.
Wheat futures surge on Russia-Ukraine tensions, corn, soybeans end higher on South America drought.
Monthly rural banker survey finds plenty of positives but worries about input costs.
Cash soybean prices drop but remain historically strong at over $15.
Drought area increases by one point
Soybean futures climb back above $16 on drought-reduced South America crop; corn, wheat firmer as trade watches Ukraine.
The 90-day forecast continues to give elevated odds of above-normal temps across HRW areas. Below-normal precip also is likely over all but far eastern areas of the Central and Southern Plains.