Grain markets experienced significant upward momentum fueled by crude oil strength and geopolitical developments, with Soybean futures approaching the 1200'0 mark before a late-session sell-off. Soybean oil established a new contract high, while Corn futures defied favorable growing weather to climb 30'4 above recent April lows on heavy volume exceeding 250,000 contracts. Wheat futures also saw a surge in activity, driven by persistent drought concerns, pushing prices back to October levels as July volume doubled to 125,000 contracts. Despite the intraday strength across the agricultural complex, markets retreated after hitting new highs, suggesting a potential overbought condition as implied volatility remained elevated across all grain products.