Corn: 4 to 6 cents higher; dollar weaker, tightening supplies.
Wheat: 13 to 15 cents higher; dollar weaker, demand improvements.
Soybeans: 15 to 17 cents higher; supply worries, dollar weaker.
Meal: $3 to $4 higher; spillover from soybeans.
Soyoil: 40 to 60 points higher; spillover from soybeans.

Grain futures were stronger overnight, with soybean and wheat futures
posting double-digit gains on help from ongoing dollar weakness and supply concerns. New-crop futures are seeing a boost from the need for more acres to replenish tight supplies. Traders are also keeping a close eye on global weather developments, as flooding is worsening in southeast Australia. Meanwhile, milder conditions are providing relief to crops in Argentina, but rains haven’t been drought busters and very little in terms of precip is in the near-term forecast.
Old-crop soybeans ended weaker yesterday on news China cancelled two
cargoes of U.S. soybeans, as well as weekend rains in Argentina, but focus is expected to return to the tight supply of old-crop beans and
expectations Chinese purchases will pick up ahead of their Lunar New Year.
The U.S. dollar index has slipped to its lowest level since mid-
November, with pressure coming from speculation that slow recoveries in
the housing and labor markets will deter the Federal Reserve from raising interest rates.

Bron: CME