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Corn surpasses $7 for first time since June, ends at 3 1/2-month high; winter wheat soars to three-month high on Russia concerns.

The 2022-23 domestic balance sheets will reflect Sept. 1 stocks and the final 2022 wheat crop estimate, along with any changes to this year’s corn, soybean and cotton crop forecasts.

Grain and soy futures are higher to start the week. Lean hog futures are moderately higher and cattle futures are mixed with feeders under pressure.

Corn, soybean futures surge to highs for month, wheat also rallies as Russia attack stir concern over supplies.

Traders await U.S. inflation reports this week | USDA supply/demand updates Wednesday

Traders await U.S. inflation reports this week | USDA supply/demand updates Wednesday

Short-term trend turns up for crude oil.

Wheat futures led a price surge in the grain and soy markets overnight as escalating war concerns sparked supply concerns from the Black Sea region.