Wheat Leads Strong Price Rally Overnight
Grain and soy futures rallied sharply overnight amid renewed global supply concerns, led by the wheat market. As of 6:30 a.m. CT, wheat futures are trading mostly 35 to 40 cents higher, corn is 8 to 10 cents higher and soybeans are 11 to 14 cents higher. Front-month U.S. crude oil futures are around 40 cents higher and the U.S. dollar index is around 135 points lower this morning.
