Grains, Soybeans May Rise as Dry Weather Threatens World Crops

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.

-- Wheat futures may open 2 cents to 4 cents a bushel higher on speculation that dry weather threatening production in Australia and Russia will increase demand for U.S. supplies, Jacquie Voeks, a senior market adviser for West Bend, Wisconsin-based Stewart Peterson Group, said in a telephone interview.

-- Corn futures are called to open steady to 2 cents a bushel higher on signs that demand for the grain to make livestock feed will climb, Voeks said.

-- Soybean futures may open steady to 2 cents a bushel higher on speculation that hot, dry weather for the next two weeks in Brazil will delay planting and supplies, Voeks said.

To contact the reporter on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net

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

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