Soybean futures surged today, driven by optimism that China will continue buying U.S. supplies, pushing the January contract to 11 60.25 and the March contract to 11 66.25. Option open interest saw 12,700 added to the put side, making puts currently outweigh calls, suggesting the use of options as downside protection. Corn futures were also higher today, with exports up and inspections at record levels, which built market strength despite rising production numbers. December Corn futures were up $0.07 to 437’25, with March reaching 450’5. Option open interest saw 7,400 calls sold out, resulting in the put side (465,000) outweighing the call side (425,000). Wheat futures rallied as well, following the grains higher and recovering all of Friday’s losses, despite a report showing ample world supplies and steady usage. Wheat futures were up 18’75 cents to 545’75, with March reaching 559’25.