The most active corn contract for December delivery soared 26.25 cents, or 4.17 percent, to settle at 6.5525 U.S. dollars per bushel. December wheat rose 12.25 cents, or 1.55 percent, to settle at 8.005 dollars per bushel. November soybean gained 25.75 cents, or 1.79 percent, to settle at 14.61 dollars per bushel.
CBOT futures extended strength on new buying. The market is also digesting disappointing day-one results from Pro Farmer's tour of the far western and eastern Corn Belt. Pro Farmer's yield estimates later this week will be the most important in years.
CBOT values are adding weather premium as the U.S. yield debate is renewed. Chicago-based research company AgResource advises against adding to speculative length at current prices ahead of harvest.
U.S. exporters sold two cargoes of soybeans to China. Egypt announced it had secured 200,000 metric tons of Russian origin via direct purchases.
Active shower activity will return to the far eastern Plains and Central Midwest from Saturday to Monday. Additional rain chances are offered to Oklahoma, Kansas and Missouri throughout the first half of next week. It is a non-threatening forecast.
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