On Monday, the wheat markets surged higher as we saw more Russian attacks in Ukraine over the weekend. The market seems to be growing more and more skeptical of a grain export corridor being opened up from Ukraine and that was reflected in Monday’s action. Corn was double digits higher following wheat while we saw the soy complex quietly firm on the day. Livestock were lower across the board and the stock market was mixed on the day Monday.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Matt Bennett of AgMarket.net and weather with Eric Snodgrass of Nutrien on today’s Market Talk: