Wheat futures led the way higher overnight, as soybeans and corn both saw spillover strength. The increase in export demand has encouraged buyers of each market.

Corn and wheat extended their recent rallies overnight, while soybeans firmed amid a corrective rebound.

Corn and wheat continue to lead to the upside despite weakness in soybeans. Cotton futures rallied though continue to trade in a sideways range. Hog futures fell sharply despite sharp corrective gains in cattle.

November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for this month’s sentiment improvement as the Index of Future Expectations only improved by 2 points.

Another 198,000 metric tons of U.S. SRW wheat for delivery to China

Corn futures continued to show relative strength overnight, soybeans saw corrective buying from recent selling and wheat futures saw profit taking, though each saw buying into the break.