Wheat Climbs to One Week Highs

Corn, soybean futures expected lower on outlook for rain, heat relief; wheat climbs to one-week highs.

grain calls
grain calls
(Commodity Update)

Corn: 1 to 4 cents lower.

Soybeans: 14 to 17 cents lower.

Wheat: 14 to 18 cents higher.

Cattle: Steady-firm

Hogs: Steady-firmer

Corn and soybean futures fell overnight on expectations for rainfall and relief from extreme heat later this month. Wheat rose to the highest levels in over a week. Malaysian palm oil futures rose 3.3%, while front-month U.S. crude oil futures were down around $2. U.S. stock index futures signal a weaker open, while the U.S. dollar index rose for the first time in four sessions, up more than 100 points this morning.