Russian Invasion Supports Course Grains, Oilseeds Fall February 24, 2022
Chicago wheat futures touched limit up and at least for the March contract, closed limit up. KC traded limit up but settled 2 cents off the limit. New contract highs and a new high-close were noted for the winter contracts. Minneapolis had trouble holding much of the day's gains. Russia was the focus today.
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Possible light fund short covering yesterday
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Funds sellers of 21K, slightly higher support due to exports
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SA maps still look solid for rains in the 10 day
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Trade expects strong exports and more 8 AM announcements
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Open interest continues to fall drastically
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