Grains Broadly Higher Overnight

Corn, soybeans, and wheat prices have all moved significantly higher overnight, and especially soybeans, which have already come to within just 10 cents of their lock limit for the entire day, which is remarkable considering that we haven't even reached the day trading session yet, which typically accounts for 95% of the daily trading volume for soybeans. Bloomberg has reported that the higher soybean prices are a result of greater soybean purchases anticipated from China.