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Soybeans, Corn May Fall on Improving Crops; Wheat Seen Rising

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 1 cent to 3 cents a bushel lower on speculation that rain during the past month across the U.S. Midwest boosted yields, Jerry Gidel, the chief grain analyst for Rice Dairy LLC in Chicago, said in a telephone interview.

-- Corn futures are called to open steady to 1 cent a bushel lower as dry weather forecast for the next 10 days may accelerate harvesting and sales by Midwest farmers, Gidel said.

-- Wheat futures may open steady to 1 cent a bushel higher on speculation that dry weather across the drought-parched southern U.S. Great Plains will delay planting, reducing yield potential, Gidel 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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