Pro Farmer’s Monday Morning Wake Up Call

Cold weather and Black Sea tensions are in focus.

Flaring tensions in the Black Sea region and not-so-spring-like weather combined to lift grain futures in the overnight session. Wheat futures are leading gains. For more details about the weather, political tensions and other market drivers this week, push play.


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A day after making new highs for the year and hitting the highest levels in three years, the soybean market saw some profit taking and consolidation. Corn and wheat resumed their rally.
Corn and soybeans saw some early profit taking pressure on Tuesday after running into chart resistance and with better than expected crop ratings.
Soybeans gapped higher Sunday night and made new highs for the move again on Monday says Mark Schultz with Northstar Commodity.
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