Corn Futures Climb Near 3-Week High
Corn: 5 to 7 cents higher.
Soybeans: 15 to 20 cents lower.
Wheat: 7 to 20 cents lower.
Cattle: Steady-mixed
Hogs: Steady-weak
Corn futures climbed near a three-week high overnight and wheat also rose amid concerns over extreme heat in key U.S. and European growing areas. Soybeans fell. Malaysian palm oil futures sank to a 10-week low as Indonesia readied to accelerate exports. Front-month U.S. crude oil futures are down around $2. U.S. stock index futures signal an extension of last week’s sharp losses, while the U.S. dollar index is more than 500 points higher this morning.
