December wheat futures hit three-week highs, gaining 8 3/4 cents for soft red winter wheat and 10 cents for hard red winter wheat. Soybean meal futures hit a seven-week high, up $13.10 per ton. Grains and soy complex prices are expected to continue trending higher.

Corn futures saw losses after hitting a four-week high, partly due to limit-down losses in cattle futures. U.S. corn harvest winding down will ease commercial hedge selling. U.S. government shutdown data void not bullish for grain markets, but likely to end soon.

Strong demand for U.S. corn boosts cash basis levels. Ethanol exports poised to hit record high. Soybean and meal futures bullish last week, supported by upbeat Chinese trade comments. Trump-Xi summit crucial for soybean market. U.S. soy harvest entering final stages.

Winter wheat gains crucial for grain market rallies. Follow-through buying interest expected in SRW and HRW wheat futures. Rumors of increased Chinese wheat purchases could impact markets. U.S. dollar index trend important for grain market competitiveness in global trade.

For more information, visit www.barchart.com. Jim Wyckoff does not hold positions in securities mentioned. All information is for informational purposes only.

Read more at Yahoo Finance: Corn and Soybean Rallies Just Gave Winter Wheat and Soybean Meal a Kick. What Comes Next?