Morning Calls & Comments (9/21)
Corn: Steady to 1 cent lower.
Soybeans: 6 to 7 cents lower.
Wheat: 3 to 9 cents higher.
Cattle: Steady-firmer
Hogs: Steady-firmer
Winter wheat futures rose to 2 1/2-month highs overnight as escalating tensions with Russia fueled concerns over grain supplies in the Black Sea region. Corn and soybean futures firmed initially but finished the overnight session slightly lower. Malaysian palm oil futures surged 4.1% on strong demand from top buyer India, while front-month crude oil futures are around $1.50 higher. U.S. stock index futures signal a firmer open and the U.S. dollar index is around 500 points higher.
