Supply concerns are driving wheat prices higher overnight, Katie Murphy of CHS Hedging said. “Russia is considering capping their wheat exports creating optimism this will increase demand for U.S wheat,” they said.

Despite overall quiet trade since last week, wheat markets “continue to trade near multi-month highs,” Jacob Christy of The Andersons said. “It might be worth taking a look at for farmers looking at possibly planting a few more wheat acres this year.”