Grains are sharply higher today as Putin overnight criticized the West and said Ukraine had to be cleansed.

Wheat futures moved limit down on rain forecasted for late March, and a potential Ukrainian truce.

The collapse in crude oil prices has now come to a $37 decline since last Monday. This put downward pressure this morning on grain prices.

Grain futures trade sharply mixed, with Russia banning all wheat exports through June 30, to stop the leaking out of the country.

Wheat futures are limit up again, trading limit status for the sixth day in a row, on concerns that wheat won't get planted in the Black Sea region.

Daily volatility not only is having limit moves in wheat the last five days, but we have also seen wheat go up the limit back to unchanged and back up the limit today along with several trading opportunities off of the limit.

Grain futures exploded today on infrastructure damage and Ukraine.

With Russia being removed from Swift, grain futures reversed last week's late losses and turned in sharp gain again today.

Yesterday's limit up wheat market turned into an expanded limit down day today.

Grain futures produce a volatile session as Russia invades Ukraine overnight, but limit gains fade throughout the day.