Morning Calls & Comments (12/23)
Corn: 2 to 5 cents higher.
Soybeans: 7 to 9 cents higher.
Wheat: 3 to 7 cents higher.
Winter wheat futures climbed overnight amid concerns extreme cold in the U.S. Plains may damage crops. Corn futures rose to a three-week high and soybeans also gained. Malaysian palm oil futures fell 1.7% and posted a drop of 2.2% for the week as demand slowed. Front-month crude oil futures rose around $2 and were poised for a sharp weekly advance of about 7%. U.S. stock index futures signal a firmer open, while the U.S. dollar index is about 100 points lower.