Soybeans, Corn May Rise on Improving Demand; Wheat Seen Falling

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.

-- Soybean futures may open steady to 3 cents a bushel higher on speculation that a September slump in prices will spur increased demand and reduce sales by farmers, 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 after a government report today showed grain-based ethanol production last week jumped 2.2 percent to the highest since the end of June, Voeks said.

-- Wheat futures may open steady to 2 cents a bushel lower on speculation that the highest prices ever for this time of the year will spur increased U.S. planting of winter varieties and slow demand, 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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