Investors are keeping a close eye on the news headlines, analyst says.
The basis levels continue to widen from the record tight levels seen in November and December, analyst says.
The Ukraine and Russia story is not going away, which should continue to add risk premium to wheat futures.
Investors eye the crude oil market as a signal whether outside money moves into the commodities sector.
The USDA’s weekly export sales figures, delayed a day, are at the top end of expectations.
The western Corn Belt received the most precipitation while other areas of the region remained dry.