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Soybeans Called Higher as Demand May Improve; Corn May Gain

What follows are opening calls for U.S. grain and oilseed markets, which open at 5 p.m. on the Chicago Board of Trade.

-- Soybean futures are called to open 2 cents to 3 cents higher on speculation that a U.S. Department of Agriculture report tomorrow will show increased exports of the oilseed and its products, said Dax Wedemeyer, a commodity broker at US Commodities in West Des Moines, Iowa. Soybean-oil futures may open 0.1 cent to 0.2 cent a pound higher, and soybean-meal futures may open $1 to $2 higher per 2,000 pounds.

-- Corn futures may open 1 cent to 2 cents a bushel higher on speculation that demand for the grain may increase, Wedemeyer said.

-- Wheat futures may open 1 cent to 2 cents a bushel higher, Wedemeyer said.

To contact the reporter on this story: Tony C. Dreibus in Chicago at tdreibus@bloomberg.net.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net.

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