February 24th

Market Report

Chicago currently limit up (+50 on wheat, +35 on corn, soy currently +74 limit up would be +90).
Matif due much higher, currently netting +10. There is no limit on Matif but the Exchange could invoke a "circuit break" at their discretion. But at this stage we expect the market to open as normal.

Main overnight news: Russia approved offensive against Ukraine. Russian troops landed in Mariupol, Odessa. Further Russian troops reported in Chernihiv, Kharkiv and Luhansk. Ukraine declares martial law. West calls for further sanctions.