Dryness in the Plains lifts wheat overnight.

Grain prices rise on dry plains; soybean oil falls sharply. China's 100% tariffs on Canadian canola and peas disrupt trade amid USDA's ethanol outlook and avian flu stance.

This morning’s grain trade is mostly higher led by the wheat trade gaining .08-$0.10 on the winter wheat contracts on dry plains weather. Soybean oil is sharply lower as canola oil has been limit down and is currently trading just above limit down on the May canola contract at 605.70, off $39.30.

On Saturday, China hit Canada with 100% tariffs on canola …