Corn, Soybeans Called Higher as Dollar Weakens; Wheat Seen Up

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

-- Corn futures may open 2 cents to 4 cents a bushel higher in Chicago after the dollar fell for a third day, boosting the appeal of U.S. grain to overseas buyers, Sterling Smith, a futures specialist at Citigroup Global Markets, said in a report today.

-- Soybean futures may open 2 cents to 3 cents a bushel higher on the CBOT, Smith said. Soybean-oil futures are expected to open 0.1 cent to 0.2 cent a pound higher, and soybean-meal futures may open $1.50 to $3.50 higher per 2,000 pounds.

-- Wheat futures are called to open 2 cents to 4 cents a bushel higher in Chicago, Smith said.

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

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

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.