Tuesday March 8, 2022

  • Wheat complex continues to try to find its bearings among extended limits this morning with pressure on the down side after almost a week of prices rocketing straight up
  • The global wheat supply issues are far from solved but the market is using todays lack of fresh news as an excuse to trade lower 
  • Expected to get an announcement from the U.S. on plans to ban Russian crude oil imports 
  • South American weather seems to be turning around with some beneficial rains falling in Argentina helping to improve their corn crop conditions 
  • Soybeans moving higher today in hopes of seeing further reductions in Brazils production in tomorrows USDA report