After a bloodbath of a week, the CBOT finally showed some signs of support and higher trade on Friday. Wheat was actually the upside leader (yes, you read that correctly), due largely to short-covering and risk-off trade related to Russia’s increased attacks in Ukraine and the risks facing the export corridor agreement’s renewal. Corn followed wheat higher and spreads were a bit firmer as rumors of cash market activity and commercial interest circulated. Soyoil futures plunged lower in a follow through on Thursday’s weak trade and helped pull soybean futures off their early highs and into a lower close. Despite the fact that wheat and corn posted end-of-week gains, the trends for both markets still remain lower while soybe...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America