Morning Calls & Comments (11/14)
Corn: 3 to 5 cents lower.
Soybeans: 4 to 6 cents lower.
Wheat: SRW wheat 2 to 3 cents lower, HRW and spring wheat 5 to 14 cents higher.
Corn, soybean and SRW wheat futures fell overnight as the U.S. dollar strengthened and rising Covid cases in China stoked concerns over demand. Malaysian palm oil futures fell 4.1% on a stronger ringgit and weakness in competing vegetable oils, while front-month crude oil was down nearly $1. U.S. stock index futures signal a weaker open, while the U.S. dollar index is up more than 600 points this morning.