Summary: Easing tensions between Russia and the world let off the pressure valve wheat market. For the week, the nearby wheat contract increased 8 cents while March corn added 20 cents. The soy complex approached May of 2021 highs as South American production numbers moved lower. The March soybean contract jumped 56 cents. March meal strengthened $18.50 per ton. March cotton expanded $3.01 per hundredweight. In the dairy parlor, February Class III milk futures shed 33 cents. A mixed week in the livestock sector. April cattle improved $1. March feeders declined $3.67.
