The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts are 16 to 18 ¼ cents so far on the day. KC HRW futures are 22 to 23 cents across the front months. MPLS spring wheat is 13 to 14 cents higher.
Overnight, there were Ukrainian drone strikes on Russia’s Novorossiysk port, halting operations at the country’s largest port. Russia responded this morning by striking a vessel in Ukraine’s Odesa port.
