Corn and soybeans are moving higher this week with Russia raising the stakes in Ukraine. Putin ordered a draft of 300K troops and said will protect territory with any means necessary which opens the nuclear option. We are a little surprised wheat finished the night session only up 3 cents with corn and soybeans lower. We also have the next Fed hike at 1 pm today which will be a headwind to commodities if they do more than 75 basis points. The USD index has been moving higher and is up over 110.00 again. Today we will be watching the overnight highs of 6.98 & 14.89 for resistance and 6.70 & 14.48 for support. NFC Grain Comments Options -9.21.22 (1)

Sign up for text alerts from NFC! Enter your mobile number to join: