Morning Calls (5/20)
Wheat futures extended recent losses, hitting lows for the week overnight. Corn futures were under pressure amid expectations for improved planting progress, while soybeans were mixed. Malaysian palm oil futures rose slightly but still posted a third consecutive weekly loss. Front-month crude oil gained slightly. U.S. stock index futures signal a stronger open, while the U.S. dollar index is up about 250 points.
Corn: 7 to 10 cents lower.
Soybeans: 1 to 4 cents lower.
Wheat: 10 to 16 cents lower.
Cattle: Steady-weaker
Hogs: Steady-firm
