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.
Cattle: Steady-mixed
Hogs: Steady-weaker
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.
