Morning Calls & Comments (11/21)
Corn: 1 to 3 cents lower.
Soybeans: 1 to 3 cents lower.
Wheat: SRW wheat 9 to 12 cents lower, HRW and spring wheat 2 to 5 cents lower.
Cattle: Firmer
Hogs: Steady-weaker
SRW wheat futures fell near a three-month low overnight and corn and soybeans also declined as the U.S. dollar strengthened and rising Covid cases in China stirred demand concerns. Malaysian palm oil futures rose slightly on strong export numbers and a weaker ringgit, while front-month crude oil was down around 60 cents. U.S. stock index futures signal a weaker open, while the U.S. dollar index is up almost 800 points.
