KANSAS CITY, MISSOURI, US — All grains and soybean complex futures settled sharply higher Monday supported by export disruptions from Russia and Ukraine. The neighboring Black Sea countries account for nearly 30% of global wheat and almost 20% of global corn exports. Concerns about the invasion affecting vegetable oil exports pushed the soy complex futures higher. Russia and Ukraine supply approximately 80% of global sunflower oil exports.
March corn soared 38¢ to close at $6.97½ a bushel. Chicago March wheat leapt 85¢ to close at $9.28 bushel. Kansas City March wheat surged 67½¢ to close at $9.54¼ a bushel. Minneapolis March wheat jumped 36¾¢ to close at $9.89 a bushel. March soybeans soared 54¢, closing at $16.44¼ a bushel. March soybean meal added $6.60 to close at $454.90 per ton. March soybean oil advanced 4.14¢ to settle at 72.89¢ a pound.