Grain Markets Surge on Flooding Concerns and Geopolitical Risks

The US grain markets closed an intense trading week on August 14 with corn, soybeans, and winter wheat all advancing.

This surge in prices was driven by flooding concerns in parts of the Corn Belt, renewed Chinese soybean buying, and escalating Black Sea supply risks.

Corn futures posted one of Friday's clearest moves, with September corn gaining 11 cents to $4.59 per bushel and December rising 11.25 cents to $4.8325.

Soybeans also strengthened into the weekend, with September futures climbing 11.75 cents to $11.7775 and November gaining 10.25 cents to $11.9250 per bushel.

The wheat market delivered the strongest geopolitical reaction, with September Chicago SRW wheat surging 22 cents to $6.7475 and September Kansas City HRW jumping 33.75 cents to $7.5425 per bushel.