While wheat prices are surging due to weather concerns, markets are targeting a grain deal.
Corn prices rose for the second consecutive session, while soybeans extended their gains.
Wheat futures contracts, which have experienced the highest trading volume in the Chicago stock market, rose 0.7% to $8.12/bushel, or $298.4/ton.
Wheat declined 0.2% on a weekly basis.
Corn rose 0.5% to $6.70/stay, or $263.8/ton, while the week’s increase was 1.9%.
Soybeans rose 0.3% to $14.20/barrel, or $521.8/ton.
Soybeans were down about 2% on a weekly basis.