Morning Calls & Comments (5/27)
Corn: 4 to 5 cents higher.
Soybeans: Steady to 5 cents lower.
Wheat: HRW and SRW mixed; spring wheat 13 to 15 cents higher.
Cattle: Steady-mixed
Hogs: Steady-firmer
Soybean futures were under mild pressure at the close of overnight trading after surging to a five-week high Thursday. Spring wheat futures surged amid concerns over planting delays, while corn was also higher ahead of the long holiday weekend. Malaysian palm oil futures fell 2.8% but ended a three-week losing streak on expectations for stronger demand. Front-month U.S. crude oil futures are down less than $1 but still up slightly this week. U.S. stock index futures point to a firmer open, while the U.S. dollar index is little changed this morning after falling to a five-week low.
