Morning Calls & Comments (10/18)
Corn: 4 to 6 cents lower.
Soybeans: 1 to 3 cents lower.
Wheat: 2 to 6 cents lower.
Cattle: Steady-firmer
Hogs: Steady-firmer
SRW wheat futures fell overnight to a four-week low on hopes a deal allowing Ukrainian grain shipments will be extended beyond the November deadline. Corn and soybeans were under mild pressure. Malaysian palm oil futures surged 3% to the highest close in almost seven weeks with support from a weakening ringgit. Front-month crude oil futures are little changed. U.S. stock index futures point to a stronger open, while the U.S. dollar index is down slightly.
