Morning Calls & Comments (9/20)
Corn: 3 to 5 cents higher.
Soybeans: 4 to 6 cents lower.
Wheat: Winter wheat 10 to 12 cents higher; spring wheat 3 to 6 cents higher.
Cattle: Steady-firmer
Hogs: Steady-weaker
Corn futures climbed modestly overnight after USDA reported slower-than- expected U.S. harvest progress and continued declines in crop condition ratings. Wheat futures rose in a corrective bounce from Monday’s sharp losses, while soybeans fell. Malaysian palm oil futures rose 1.1%, the market’s first gain in four sessions, while front-month crude oil futures are down slightly. U.S. stock index futures signal a weaker open and the U.S. dollar index is around 400 points higher.
