Grain futures surge amid crude oil production cuts.

Grain futures exhibited significant volatility at the start of the week as Soybeans surged following news of Middle East oil production cuts. May Soybean futures reached a high of 1233'6 before retracing. Corn futures also spiked as money managers shifted to a net long position in both futures and options, with May Corn futures hitting 476'0. Wheat futures followed the broader grain complex higher, supported by red flag warnings in the Southern Plains and a rally in WTI Crude Oil futures. Market volatility remains elevated across the agricultural sector as geopolitical tensions and weather concerns continue to influence price action.