Grain Futures Climb Overnight
Corn: 4 to 15 cents higher.
Soybeans: 10 to 12 cents higher.
Wheat: HRW and SRW 11 to 19 cents higher, spring wheat 8 to 11 cents higher.
Grain and soy complex futures climbed overnight but are still heading for sharp weekly declines on improving crop weather and recession concerns. Malaysian palm oil futures sank nearly 2% and posted a decline of nearly 15% this week amid soyoil weakness and an expanding production outlook. Front-month crude oil futures are up over $2. U.S. stock futures signal a stronger open, while the U.S. dollar index is down about 140 points this morning.