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Winter wheat futures are sharply higher this morning in followthrough buying, though well off their overnight highs. Spring wheat is mixed, while corn and soybeans are lower.

Winter wheat futures soar 50-cent daily limit, corn up 35-cent limit on escalating Russia-Ukraine conflict; soybeans also higher.

Chip Flory and Jim Wiesemeyer discuss the Putin’s attack on Ukraine and the domino effect to the economy, including energy prices and trade. Plus they preview President Biden’s State of the Union address

Truce negotiations between Russia and Ukraine go nowhere, China’s PMI improves and President Biden will deliver his State of the Union Address tonight...

SOTU address | Russian exports | U.S. trade deficit in goods hits fresh record

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