Morning Calls & Comments (1.3.23)

Corn: Choppy to 2 cents lower.
Soybeans: Choppy to 5 cents lower.
Wheat: Choppy to 2 cents lower.
Cattle: Steady/firmer
Hogs: Steady/weaker
Grain and soy futures are expected to open mixed to mostly weaker coming out of the extended holiday weekend on pressure from outside markets. Front-month crude oil futures are more than $1 lower this morning, while the U.S. dollar index is around 1,000 points higher.