Chicago Board of Trade Wheat Futures spiked Friday due to an increase in demand for U.S. Wheat, traders reported. This was due to the weaker dollar as well as the availability of new-crop wheat.

Concerns about the U.S. crop being affected by dry and hot weather during its critical growing season also led to a rise in corn and soy futures.

The market was quiet between Thursday's U.S. Independence Day holiday and the weekend. Traders said that the market was quieter than usual between Thursday's closure due to the U.S. Independence Day holiday and the weekend.

Brian Hoops of Midwest Market Solutions said, "We have low-volume, technical trade." "A large part of the trade won't be there and will take a four-day holiday."

CBOT September Wheat rose by 14-3/4 Cents to $5.89 per bushel.

The CBOT most active November soybeans contract, which represents the crop to be harvested in this fall, was up 9-1/4 Cents at $11.30-1/2 per bushel. The most active corn contract on CBOT, December corn, rose 4-1/2 cents to $4.24-1/4.

After the holiday, the U.S. Department of Agriculture announced export sales of the U.S. crop a day later. The U.S. Department of Agriculture released export sales for the crop in 2024/25 one day late, following a holiday.

The demand for freshly harvested U.S. Wheat crop is also increasing, traders reported.

Hoops stated that there is usually more interest in wheat during harvest. Buyers prefer freshly harvested wheat, which is moved directly from the combines to shipping port to barges.

The traders say that the forecasts of hot and dry weather for July are a cause for concern about domestic corn and soybean crops at a critical time in pollination.

Rich Nelson, a strategist with Allendale, stated that "we want cold temperatures and above-normal moisture, but it's going to be higher temperatures and drier."

Exports of soybeans fell short of expectations, while corn sales were below expectations.