Wheat futures moved sharply higher in the overnight session on continued concern regarding the situation in Russia. But after the opening, prices pulled back but still traded higher for the rest of the session. Chicago closed up .06 but that was still .20 off the highs of the overnight session. Corn and soybeans also closed higher. Export Sales for last week came in at 17.5 million bu for wheat including 2.7 million bu in Soft White sales. That came in on the high side of expectations. Corn sales were 27.3 million bu and soybean sales totaled 25.6 million bu. The Ruble stabilized a little bit today. Crude oil was lower again and closed near $54/barrel. The Dow Jones Industrial Average soared over 400 points as the Fed indicated it would hold off on raising rates for the near term.
Market hours: AM 9:00-11:10, PM 3:00-4:30 No PM market on Fridays No PM Hard Wheat Markets
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