Wheat futures surged on global supply disruptions

Virginia McGathey of McGathey Commodities breaks down the latest moves in the grain markets. Soybean futures found support from steady flash sales, pushing prices back toward the $12 mark. Meanwhile, Corn futures traded higher as hot and dry weather raised concerns over declining crop ratings. Finally, she examines the surge in Wheat futures, driven by unrest in the Middle East and Russia closing the Kerch Strait, which significantly impacted global flow and pushed Kansas City prices above $7.