Morning Calls & Comments (12/6)
Corn: 1 to 5 cents higher.
Soybeans: 11 to 14 cents higher.
Wheat: SRW wheat 1 to 2 cents higher, HRW wheat 2 to 4 cents lower, spring wheat mixed.
Corn futures climbed overnight on corrective buying following Monday’s drop to 2 1/2-month lows, while soybean also gained and wheat was mixed. Malaysian palm oil futures rose 3% following reports of India's higher palm oil imports and Indonesia’s preparation for implementing a higher blend of biodiesel, which contains palm oil-based fuel. Front-month crude oil fell around $1. U.S. stock index futures signal a mixed open and the U.S. dollar index is down slightly.