Wheat futures surged 28 cents to lead Tuesday's grain rally.

Review the latest price action and fundamental data driving the agricultural markets. July Corn futures finished higher, with the December contract reaching a new closing high. Wheat futures led the upside, gaining 28 cents on the July Chicago contract, while Soybean futures saw mixed results. Recent crop progress reports showed corn planting at 25% complete and soybean planting advancing to 23%, nearly double the five-year average pace. Additionally, weekly export inspections for corn, soybeans, and wheat experienced slight week-over-week declines but maintained strong paces compared to the previous year.