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On the Grains Grains are mixed in overnight trade. As of 6am corn was mostly steady, beans weak and wheat firmer. Weekend news was mostly in the geopolitical arena. Putin overwhelmingly won another 6-year term as President, which was no surprise when what little opposition he has meet untimely “accidents”. Israel has strongly condemned Chuck Schumer’s call for a special election to oust Netanyahu and Biden’s tacit endorsement of the speech. The war in Ukraine rages on but Ukraine’s remarkable restoration of its Black Sea shipping lane made headlines over the weekend and is detailed below. Over the weekend, Russia stepped up attacks on agricultural facilities in Odessa while Ukraine launched multiple attacks into Russia. Back to our own shores, Trump is doubling down on promises to impose major tariffs on China’s exports, including up to 100% tariffs on cars built by Chinese companies in Mexico. He says he doesn’t fear or care about Chinese “retaliation”, that’s an unsettling background for our Ag export prospects. This morning we get weekly export inspections. Bean exports lag the needed pace to hit projections but domestic demand remains very robust as evidenced by a record February crush reported by NOPA Friday that exceeded…

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