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U.S. export sales to all destinations topped 2 million tonnes each for corn and soybeans for week ending March 3

Kansas improves slightly

Grain and soy complex futures are called higher, with wheat trade likely to remain extremely volatile. Livestock futures are expected to face followthrough selling.

Corn, soybean export sales above expectations

Wheat futures gapped lower overnight after limit-down closes on Wednesday and sharply extended losses. But wheat filled the gaps and is trading higher this morning, as are corn and soybeans.

Cash wheat prices surge from the previous week.

Wheat basis plunged over the past week amid the surge in futures.

Winter wheat plunges 85-cent limit as USDA unexpectedly boosts supply projections; corn, soybeans also lower.

USDA reflected no expected increase in U.S. wheat exports, despite the Russia/Ukraine conflict. U.S. corn exports were increased to reflect fewer anticipated shipments from Ukraine.