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Highlights, Wheat, Meal Puts, Markets & Rain Days Update 1/16/23

CBOT will begin trading at 7 PM Central Time this evening. Crude oil started trading last evening.



NATO defense ministers will meet on January 20. Ukraine, naturally, wants NATO to increase its support for the war and obviously wants to sway EU public opinion to support continued deliveries of military equipment and money to Ukraine.

On Sunday, Russian news service reported Ukrainian agents intentionally destroyed a grain elevator in northeast Ukraine to accuse Russia of destroying grain reserves to provoke famine and destroying the grain export corridor deal. Russian media claims Ukraine will present the grainery destruction as “another atrocity committed by Russian troops requiring a tough response from the world community.”

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