Grain and soy markets began the day higher as the Russian-Ukraine conflict had no weekend solution and Russia attacked not only grain storage facilities, but also Ukraine shipping ports, including Odessa, likely pushing off any export activity further down the road. USDA announced a large corn sale of 42.6 mb to China, providing another boost to the markets.
GENERAL COMMENTS:
May corn closed up 15 1/2 cents per bushel and December corn was up 11 cents. May soybeans closed up 19 1/2 cents and November soybeans were up 33 cents. May KC wheat closed up 24 3/4 cents, May Chicago wheat was up 25 3/4 cents and July Minneapolis wheat was up 19 3/4 cents.
The June U.S. Dollar Index is trading up 0.373 at 99.000. The Dow Jones Industrial Average is up 74.70 points at 34,892.97. June gold is up $12.40 at $1,936.10, May silver is down $0.01 at $24.64 and May copper is up $0.0885 at $4.7770. May crude oil is up $4.05 at $103.32, May heating oil is up $0.1272, May RBOB is up $0.0554 and May natural gas is down $0.006.
