Morning Calls & Comments (7/26)
Corn: 15 to 18 cents higher.
Soybeans: 22 to 28 cents higher.
Wheat: 20-plus cents higher.
Corn and soybean futures gapped higher at the start of overnight trading and rallied to the highest levels in over a week following lower-than-expected USDA crop ratings. Wheat futures also surged. Malaysian palm oil futures rose nearly 4% with support from gains of nearly $4 in front-month crude oil. U.S. stock index futures indicate a lower open, while the U.S. dollar index jumped over 700 points.