Winter Wheat Fell Overnight
Corn: Steady to 1 cent lower.
Soybeans: 1 cent lower to 3 cents higher amid bull spreading.
Wheat: HRW and SRW wheat 5 to 10 cents lower, spring wheat 1 to 3 cents higher.
Winter wheat futures fell overnight while corn and soybeans were mixed ahead of USDA’s monthly Supply and Demand update at 11 a.m. CT. Malaysian palm oil futures sank 4.4% to a two-month low after Indonesia eased export rules. Front-month U.S. crude oil futures are near unchanged after earlier hitting $122.75. U.S. stock index futures signal a weaker open, while the U.S. dollar index is more than 600 points higher this morning.