Market Performance - May corn futures rose 4 3/4 cents to $4.67 1/4, closing at a 10-month high, with a weekly increase of 6 3/4 cents [1] - May soybeans fell 2 cents to $12.25 1/4 but increased 24 1/2 cents for the week [1] - May soybean meal rose $2.50 to $322.70, closing at a 3.5-month high, with a weekly gain of $5.50 [1] - May bean oil increased by 2 points to 67.44 cents, with a weekly rise of 86 points [1] - May soft red winter wheat rose 15 1/4 cents to $6.13 3/4 but was down 3 cents for the week [1] - May HRW wheat rose 16 1/2 cents to $6.30, closing at a nine-month high, with a weekly increase of 6 1/2 cents [1] Market Trends - The corn and soybean markets are experiencing bullish trends, with May corn futures achieving the fourth consecutive technically bullish weekly high close [2] - Recent gains in corn, soybeans, and wheat are notable amid increased risk aversion in the general marketplace due to geopolitical tensions [2] Crop Conditions and Supply Factors - Traders are monitoring South American crop conditions, noting some dry spots in Brazil and Argentina, but no major production losses are anticipated [5] - The upcoming USDA planting intentions report is highlighting potential shifts in acreage, with fewer corn acres expected due to rising fertilizer prices, possibly leading to more soybean acres [6] - Soybean traders are concerned about shipment disruptions from Brazil, as some cargoes have failed sanitary inspections, which could impact trade with China [8]