Chicago Wheat Rises Amid Black Sea Tensions

Chicago wheat prices went up a little bit on Monday because traders were thinking about the talks to end the war in Ukraine and the dry weather in the U.S. where wheat grows.

Corn and soybean prices also went up a tiny bit after going down for five days in a row.

Corn prices got a boost because other countries want to buy a lot of it.

Soybean prices are still low because Brazil is selling them for cheaper than the U.S. The weather in South America is good for growing soybeans.

The U.S. government said they will give farmers $12 billion next year, but soybean farmers say it's not enough to help them.

Traders are also watching the talks to end the war in Ukraine because if the war ends, it might be easier and cheaper to ship wheat from Ukraine, which could make wheat prices go down.

In other news, Asian stocks went up and oil prices were up and down because investors were getting ready for a busy week of economic news and they were thinking about the U.S. military action in Venezuela over the weekend.