Morning Calls & Comments (10/13)
Corn: 6 to 8¢ lower.
Soybeans: 11 to 14¢ lower.
Wheat: HRW and SRW 12 to 15¢ lower, spring wheat 1 to 3¢ lower.
Cattle: Steady-firm
Hogs: Steady-mixed
Winter wheat futures fell to two-week lows overnight and corn and soybeans also dropped as concerns over high inflation and economic uncertainty pressured global markets. Malaysian palm oil futures fell 2%, while front-month crude oil dropped more than $1, the market’s fourth straight daily decline. U.S. stock index futures signal a lower open and the U.S. dollar index has reversed its earlier course to trade higher.
