Soybeans, Wheat May Open Higher on Supply Concerns; Corn Steady

What follows are opening calls for U.S. grain and oilseed markets, which open on the Chicago Board of Trade at 6 a.m. Singapore time.

-- Soybean futures may open 1 cents to 3 cents a bushel higher on the CBOT on short-term supply concerns and amid speculation China has boosted demand for U.S. exports, according to Ker Chung Yang, an analyst at Phillip Futures Pte.

-- Corn futures may open steady to 2 cents lower on concerns about poor yields during early stages of the harvest and demand uncertainty, he said in an e-mail.

-- Wheat futures may open 1 cent to 2 cents a bushel higher on concerns about drought in parts of the U.S. and the harvest in the Black Sea and European Union, he said.

To contact the reporter for this story: Phoebe Sedgman in Melbourne at

To contact the editor responsible for this story: James Poole at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.