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Soybean futures extended Tuesday’s strong rally overnight, while old-crop corn futures finally topped the $6 level after nearly two months of trying to get above that psychological mark.

Cash soybean meal prices surge above $400 but are still slightly below year-ago.

Soybean basis slips but remains well above the three-year average.

Corn jumps to six-month high, soybeans at 3 1/2-month high on South America dryness, winter wheat up sharply.

The U.S. hog herd is expected to be 2.9% smaller than year-ago as of Dec. 1.

South American dryness is becoming a concern, EPA uncertain on the future of SREs and the U.S. tops list of rising consumer prices...

Biden, Manchin talked Monday evening as revised BBB still possible

Grain futures seen narrowly mixed in pre-holiday trade, South America dryness supporting soybeans.

Price action in grain and soy futures was relatively quiet in two-sided trade overnight.