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.

US equity markets ended mixed on Monday, closing a month filled with soaring inflation, forthcoming rising interest rates, and a Russian invasion of Ukraine. After several days of fighting, Ukrainians managed to keep Russian troops from claiming Kyiv, Ukraine’s capital. Western countries continued responding to the conflict by imposing financial sanctions on Russia. The Dow Jones Industrial Average fell 166.15 points, or 0.49%, to close at 33,892.60. The Standard & Poor’s 500 Index dropped 10.71 points, or 0.24%, to close at 4,373.94. The Nasdaq Composite added 56.78 points, or 0.41%, to close at 13,751.40.