Morning Calls & Comments (11/3)
Corn: 5 to 7 cents lower.
Soybeans: 15 to 17 cents lower.
Wheat: HRW and SRW 13 to 16 cents lower, spring wheat 6 to 9 cents lower.
Cattle: Steady-firmer
Hogs: Steady-weaker
Corn and wheat futures faced followthrough selling overnight, while soybeans dropped more than they gained on Wednesday. Malaysian palm oil futures fell 1.4% after hitting a 12-week peak, while front-month crude oil declined around $1.50. U.S. stock index futures signal a weaker open, while the U.S. dollar index surged more than 1,700 points to a two-week high.
