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Biden heads to Europe, may offer U.S. wheat donation to Ukraine

Ahead of the Open | March 23, 2022 Grain, soybean futures firmer overnight amid ongoing concern over Russia-Ukraine disruptions.

Corn, soybean and wheat futures held within Tuesday’s price ranges overnight in relatively quiet trade that has markets trading higher and near session highs this morning.

USDA’s Cattle on Feed Report Friday afternoon is expected to show March 1 inventories up 1.1% from year-ago levels, which if realized would top last year’s record for the date by 132,000 head.

Wheat futures end higher but trim overnight rally as U.S. Plains receives moisture relief; soybeans lifted by export business.

Possible U.S. food (likely wheat) donation to Ukraine could be a part of President Joe Biden’s trip to Europe.

Wheat futures near two-week highs as Russia-Ukraine conflict disrupts grain supplies; soybeans, corn mostly higher.

WSJ: Ag giants like Cargill have refused to cut ties with Russia, citing humanitarian concerns

Global supply concerns amid the ongoing war between Russia and Ukraine fueled active followthrough buying in grain and soy markets overnight, led by winter wheat.