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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.

The Biden Administration doubts claims of Russian pullback, Secretary Vilsack wants the DOJ to investigate inputs prices and production strains continue to dog food makers...

Vilsack wants DOJ to investigate input prices | Some signs of relief re: supply chain backlogs

Soybean, cotton export sales drop

Buyer interest built throughout the overnight session in the soybean and soymeal markets and futures are trading near session highs this morning.

Soybean basis slipped a little over the past week, as farmer selling likely picked up, but remains stronger than average.

Soybean futures surge over 30 cents on exports, reduced South American crops; corn firm, hog futures at six-month high.

Soybean futures seen higher on exports, South American crop shortfall; corn slightly firmer, wheat mixed.