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Overnight highlights. Following are highlights of overnight trade:

Corn: 2 to 3 cents higher. Futures were stronger overnight on help from dollar weakness. It appears the attitude of the market is "risk on" today on news France and Germany have reached a deal to increase the size of the European Financial Stability Facility to reduce the risk of a debt default. December corn remains within its recent consolidation range and needs a close above $6.60 to extend the top of the range.

Soybeans: Mixed. Futures favored a firmer tone overnight, but saw light profit-taking late. Pressure on the U.S. dollar index limited pressure and traders could even view late-session weakness as a buying opportunity this morning given continued improvement in Gulf basis. November beans spend the overnight session pivoting around $12.50.

Wheat: 1 to 4 cents higher. Futures were stronger overnight on help from dollar weakness and spillover from corn. Wheat is certainly in a follower's role, but is also watching weather conditions given the dry forecast for the Southern Plains. Early October rains provided the crop a boost, but establishment is in jeopardy again given the low soil moisture profile.

Live cattle: Mixed. Futures are expected to be mixed as traders wait on cash cattle trade to begin, but yesterday's low-range close could generate some followthrough pressure. All signs point to late-week cash trade as feedlots that need the animals are working with negative profit margins.

Lean Hogs: Steady to firmer. Futures are expected to see followthrough from yesterday's gains, as well as continued strength in the cash hog market. Nearby futures are trading at a discount to the cash index, which gives bulls more staying power. Additional support is expected from dollar weakness.

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