Grain Markets Stagnate as Ukraine-Russia Tensions Escalate
Ahead of trading today, grain markets appear to be stuck in neutral. Corn and wheat prices are flat, while soybeans hover near recent highs.
The National Weather Service forecasts a developing axis of heavy rainfall from the Northern Plains to the upper Midwest through Saturday, with cooler air bringing temperatures into the region. However, a pronounced north-south temperature contrast remains, with high temperatures in the low 70s and upper 60s expected north of the front and triple-digit highs south of it.
In other news, Ukraine damaged a major Russian oil refinery less than 200 miles northeast of Moscow, while Russia's Defense Ministry reported multiple strikes on Ukrainian civil and energy infrastructure. The attack has sparked concerns about an energy truce between the two nations, despite earlier claims to the contrary by President Trump.