Corn, Soybean Futures Expected Higher
Corn: 9 to 10 cents higher
Soybeans: 27 to 32 cents higher
Wheat: 14 to 24 cents higher
Corn and soybean futures rose overnight to the highest levels in nearly a week with a hot week ahead for the Midwest. Wheat futures rebounded from last week’s drop to five-month lows. Malaysian palm oil futures rallied 8.5%, the biggest daily rise in four months, even as Indonesia lifted its export levy on all palm oil products. Front-month U.S. crude oil futures are more than $3 higher. U.S. stock index futures signal at stronger open, while the U.S. dollar index is down more than 500 points.