News
SRW wheat jumps near two-month high on Russia-Ukraine concern, Plains dryness, soybeans firmer, corn mixed.
Corn and soybeans are under pressure as wheat futures find support to start the week. Cattle futures are sharply lower as lean hog futures post corrective losses.
Winter wheat near three-week high on Russia-Ukraine tension, corn fades from seven-month high, soybeans lower.
Wheat futures were supported by increased geopolitical tensions between Russia and Ukraine, while soybeans and corn were pressured by South American weather.
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Corn futures end week at seven-month high on stronger exports, soybeans slip on profit-taking, hog futures soar.
With all three categories coming in on the bearish side of the average pre-report estimates, the report is price-negative.
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USDA Secretary Tom Vilsack appeared before the House Ag Committee Thursday for nearly four hours.