Markets are mixed to open the morning with corn down 5, wheat down 55 and soybeans are up 19.
US politicians and energy companies are wanting a ban for Russian Crude oil. NATO members are considering an embargo against Russia. The Russian Prime Minister says a ban could put crude oil above 300 dollars per barrel. Oil is trading $7-8/barrel higher this morning.
We have a USDA report out on Wednesday. Carryout in corn, beans and wheat are expected to be lowered for the US. South American production is expected to be down as well. Conab will release their report on Thursday. Conab is expected to drop combined production in South America 8-10 mmt.
Have a safe Day!