“Prices ranged from $.02-$.09 higher with CGO and KC the upside leaders. CGO Mch-26 peaked right at this month’s high of $5.40 with next resistance at the January high of $5.44 ¾. KC Mch-26 continues to bounce off MA support at $5.26 ½ with next resistance at $5.50. EU soft wheat exports as of Feb. 8^th at 13.43 mmt are up 2% YOY. While U.S. stocks were up 5 mil. bu. on lower food usage, global stocks slipped to 277.5 mmt on higher exports from Canada and Argentina. Exports from Ukraine remain extremely low with only 27k mt shipped so far this month while there is 700k mt contracted for shipment. Blackouts due to Russian missile strikes continue to limit their export capabilities. The USDA kept their export forecasts unchanged for both Ukraine and Russia at 14 and 44 mmt respectively. Global stocks/use among major exporting countries slipped to 17.7%, down from 18% in January. Export sales are expected to range between 8-18 mil. bu.,” wrote Mark Soderberg with ADM Investor Services.