Morning Calls & Comments (9/2)
Corn: 6 to 8¢ higher.
Soybeans: 17 to 19¢ higher.
Wheat: 8 to 12¢ higher.
Cattle: Steady-weaker
Hogs: Steady-weaker
Grain and soybean futures rose overnight, tracking a rebound in equity and crude oil markets ahead of the three-day holiday weekend. Malaysian palm oil futures fell 2.3% and closed near a one-month low as new Covid lockdowns in China fueled demand concerns. Front-month crude oil futures are up around $275. U.S. stock index futures signal a stronger open, while the U.S. dollar index was down around 400 points.
Grain and livestock markets will observe normal trading hours today ahead of the extended holiday weekend. All markets and government offices are closed on Monday, Sept. 5, for Labor Day. As a result, there will be no Pro Farmer market reports and commentary. Grain markets reopen at 7:00 p.m. CT on Sept. 5 for overnight trade, while livestock markets will resume trade at 8:30 a.m. CT Sept. 6.
