Morning Calls & Comments (12/7)

grain calls
grain calls
(Commodity Update)

Corn: Steady to 1 cent lower.

Soybeans: 7 to 9 cents higher.

Wheat: HRW and SRW wheat 5 to 9 cents higher, spring wheat steady to 2 cents higher.

Cattle: Steady-weaker

Hogs: Steady-weaker

Soybean futures extended Tuesday’s gains overnight on strong demand expectations, while wheat climbed behind corrective buying following a drop to 14-month lows. Corn faced light pressure. Malaysian palm oil futures fell 3.1% after the European Union agreed on a new law to prevent companies from selling into its market commodities linked to deforestation. Front-month crude oil was modestly higher. U.S. stock index futures signal a lower open and the U.S. dollar index is down more than 600 points.

 

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