Morning Calls & Comments (10/13)

grain calls
grain calls
(Commodity Update)

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.

 

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Morning Calls & Comments (1.13.23)

Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.