Grain Futures Expected Higher
Corn: 14 to 18 cents higher.
Soybeans: 16 to 22 cents higher.
Wheat: 20-plus cents higher.
Cattle: Steady-weaker
Hogs: Steady-firmer
Grain futures rose overnight as a missile strike on Ukraine’s Odesa port over the weekend stirred concerns over an agreement to resume the country’s grain exports. Expectations for a return of Midwest heat after brief relief also boosted prices. Malaysian palm oil futures fell a third straight session on disappointing by export data. Front-month crude oil futures more than $1.50. U.S. stock index futures signal a stronger open and the U.S. dollar index is down more than 400 points.
