Morning Calls & Comments (7/7)
Corn: 10 to 15 cents higher.
Soybeans: 30-plus cents higher.
Wheat: 25 to 35 cents to higher.
Grain and soybean futures are expected to open higher after surging overnight on corrective buying following steep losses earlier this week. Malaysian palm oil futures rose 2% after reversing early losses, while front-month crude oil is up more than $2. U.S. stock index futures signal a stronger open and the U.S. dollar index is near unchanged but still near a 20-year high.
Due to Monday’s holiday, export sales data for the week ended June 30 will be released Friday morning.