Wheat futures surged nearly four percent in American trade to March 13 highs as the dollar index fell off early March highs, amid a lack of data from the US, the world's second largest wheat exporter, and amid renewed concerns about cold US weather that might threaten crops.
As of 07:59 GMT, wheat futures due on May 15 rose 3.92% to $4.9075 from the opening of $4.7225, marking four-week highs, while the dollar index shed 0.29% to 89.84 from the opening of 90.11.
US President Donald Trump said in earlier remarks that in case China targeted US farmers to get back at him personally, he will compensate farmers in the country.
White House economic adviser Larry Kudlow said on Sunday that the ongoing dispute between the US and China could lead to positive results, while President Donald Trump tweeted that any trade tariffs will be mutual, expecting to see a "great future for both countries", soothing fears and boosting sentiment.
Last week, the US Department of Agriculture reported total inspected wheat product at 361.7 thousand tonnes in the week ending March 29, up from 343.8 thousand in the previous week, and compared to 573 thousand in the same period of last year, with total inspected wheat output amounting to 19.9 million tonnes in the marketing year starting June, down from 21.8 million in the same period of last year.