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.
Wheat Leads Strong Price Rally Overnight
overnight commodity update
(Commodity Update)