Grains, SB Up; Russia/Ukraine Tensions Drop U.S. Stocks
DES MOINES, Iowa (Agriculture.com) -- Grain and soybean futures started the day trading higher, but rising tensions between Ukraine and Russia are sending U.S. stocks on the decline.
At the open, December corn futures are trading 3/4 cent higher at $3.69 3/4.
November soybean futures are trading 5 cents higher at $10.43 1/4.
December wheat futures are 6 1/2 cents higher at $5.62.
In the outside markets, the crude oil is $.56 per barrel lower ($93.40), the dollar is higher by .001, and the Dow Jones Industrials are 20 points lower at 17,019.26.
Look for U.S. stocks to drop after record days with tensions flaring between Russia and Ukraine.