Traders closed out an overall lower week with more of the same. There was a new contract low in SRW, but a late rally pushed HRW slightly into the green for the day but not for the week. Traders brushed off increasing Russia-Ukraine hostilities and any risk of winterkill in wheat. It was a fifth straight session of closing lower for corn, soybeans and soymeal. On the week, only cattle and soyoil closed higher. It was the first week higher for soyoil in a month. Other stats include:
Soymeal and SRW have now closed lower for six weeks in a row. Cattle had its fifth straight week closing with gains. Soybeans experienced four straight weeks of decline. HRW has had three weeks of consecutive losses. Despite strong...