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Overnight highlights. Following are highlights of overnight trade:

Corn: 5 to 9 cents higher. Futures were stronger overnight, with December corn posting a fresh monthly high and testing $6.60. Weakness in the U.S. dollar index has spurred fresh commodity buying, as traders are encouraged by movement toward an agreement between euro-zone leaders to solve its debt crisis. Leaders are meeting this weekend, so weekend developments will direct price action early next week.

Soybeans: 7 to 9 cents higher. Futures were stronger overnight on followthrough from yesterday's late-session recovery, as well as help from dollar weakness. For the reasons stated above, commodity traders will be keeping a close watch on euro-zone developments. Movement toward a perceived agreement has provided a risk-on environment this morning.

Wheat: 4 to 9 cents higher. Futures were stronger overnight on help from dollar weakness and spillover from neighboring pits. Additional support is expected from ongoing dryness in the Southern Plains, as well as the extended outlook for dryness to result in expansion of drought. As a result, concern about the crop entering dormancy in tough shape will keep traders on their toes.

Live cattle: Steady to firmer. Futures are expected to see a boost from positive outside markets, as well as higher cash cattle trade and traders evening positions ahead of this afternoon's Cattle on Feed Report. Traders look for the report to reflect more cattle in feedlots than a year-ago, but also a tightening of calves available for Placement.

Lean Hogs: Steady to firmer. Futures are expected to see a boost from dollar weakness, as strong pork exports continue to be a bright spot for the industry. While we've seen four straight weeks of weekly hog kill in excess of 2.25 million head, the cash hog market has posted a slight rally due to strong ongoing demand.

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