Crude keeps moving lower

Risk off day starting overnight as Crude dropped below 95 dollars per barrel overnight. Russia/Ukraine peace talks took a pause and will resume with Ukrainian President Zelensky deeming the meetings as “good”. The back up in crude has bean oil and soybeans moving lower along with corn. Regardless of the peace talks we are hearing Russians have damaged farming equipment to further delay the spring planting and there will be crop swing to more edible crops at Zelensky urging. This coupled with good weather for 2nd crop corn in Brazil and you have lower markets to start today. Will have to watch 7.28 area for support in May corn and 16.35 in May soybeans. NFC Grain Comments 3.15.22 (1)

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