Soft red winter wheat futures hit a 6.5-month high, rising 13 1/2 cents to $5.80 1/4, while hard red winter wheat futures hit a seven-month high, rising 8 1/2 cents to $5.85 1/4. Winter wheat markets show bullish closes, hinting at chart-based buying early this week. Corn futures rose 3 1/2 cents to $4.39 3/4 on Friday and saw a technically bullish weekly high close, suggesting strength early this week.

Wheat, corn, and soybean markets surged due to improving U.S. trade relations, but the Supreme Court’s decision against Trump’s tariff regime throws uncertainty. Trump’s reaction and possible legal workarounds will impact trading agreements and grain markets in the coming months. Soybeans fell 2 3/4 cents on Friday, but soybean meal hit a 2.5-month high.

Brazil’s second-crop corn plantings lag behind last year, needing better moisture for full potential. Rainfall is forecasted for key South American growing regions, alleviating drought concerns. The focus shifts to U.S. weather and the USDA’s Prospective Plantings Report in late March. Soybean traders monitor South American weather and U.S. soybean crush use for market direction.

Read more at Yahoo Finance: Surging Winter Wheat Prices Are Lifting Grain Futures Across the Board. What to Watch Next.