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Winter wheat futures soar near 14-year highs on fears of Russia-Ukraine disruption; corn hits contract high

Winter wheat futures surged above last week’s highs amid disruptions to Black Sea wheat exports. May corn futures traded near their highs, while soybeans and spring wheat remained well below last week’s peaks.

Winter wheat futures rally near decade-highs amid concern over Russia-Ukraine war; corn, soybeans also up sharply.

All three within expectations

Grain and soy markets are posting solid gains to start the week. Cattle futures are under pressure as hog futures work on a rebound from last week’s weak technical performance.

Wheat futures lead grain, soybean futures sharply higher on intensifying concern over Russia-Ukraine war.

Short-term chart trend for wheat turns bullish.

Grain and soy markets posted strong gains overnight, led by wheat, amid increased anxiety with the Russia/Ukraine crisis.

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