First Thing Today
Corn and soybeans saw strong overnight gains, though wheat faced modest losses.
Corn and wheat saw follow-through selling overnight despite a strong close yesterday. Soybean futures have traded on both sides of unchanged overnight.
After explosive trade yesterday, corn, soybeans and wheat traded lower overnight.
For the first time since the onset of the war, Moscow expanded their missile strikes to attack Danube River port infrastructure.
Following Russia’s threat of any ships heading to Ukrainian ports being regarded as military vessels, Ukraine released a similar warning for ships heading into Russian ports or Ukrainian areas occupied by Kremlin troops.
Corn, soybean and wheat futures traded solidly higher overnight on support from Russia halting the Black Sea grain deal and weather concerns.
Wheat futures firmed overnight, while soybeans faced mild selling pressure and corn was caught in the middle.
Crop Tour estimates Iowa corn yield, soybean pod counts below last year’s levels; Minnesota corn yield higher.
Illinois, western Iowa corn yield estimates down from last year, Crop Tour finds; Illinois pod counts better.
Crop Tour scouts report lower numbers for Indiana, Nebraska; Illinois, Iowa, Minnesota ahead today.