Chicago wheat futures surged 7.1%

CBOT corn futures rose 0.74% to $4.7875/bushel, showing a V-shaped reversal after the USDA stock monthly report was released. At 00:13 (UTC+8), they fell to $4.7275, hitting a new daily low. CBOT wheat futures rose 7.10%, and Bloomberg data showed they reached a new daily high of $6.79/bushel. CBOT soybean futures rose 1.01% to $12.2525/bushel, surging from $12.1850 to $12.3275 to hit a new daily high when the USDA monthly report was released; soybean meal futures rose 1.17%, and soybean oil futures rose 2.10%. CBOT lean hog futures fell 1.77%, live cattle futures fell 0.72%, and feeder cattle futures fell 1.74%.