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Corn, Soy, Wheat Called to Open Higher on Demand

What follows are opening calls for U.S. grain and oilseed markets.

-- Corn futures are called to open 2 cents to 4 cents a bushel higher on the Chicago Board of Trade on speculation that an economic recovery will stimulate demand for food, animal feed and fuel made from the biggest U.S. crop, said Christian Mayer, a market analyst for Northstar Commodity Investment Co. in Minneapolis.

-- Soybean futures may open 7 cents to 10 cents higher in Chicago as cold weather threatens planting in China, the biggest global consumer of the oilseed, increasing demand for imported supplies, Mayer said. Soybean-meal futures may open $3 to $4 higher per 2,000 pounds, and soybean oil is expected to open 0.25 cent to 0.4 cent a pound higher, he said.

-- Wheat futures may open 5 cents to 7 cents a bushel higher on the CBOT, the Kansas City Board of Trade and the Minneapolis Grain Exchange as Canadian farmers said they will plant less and wet weather increases the risk of fungal disease for U.S. crops in the southern Great Plains, Mayer said.

-- U.S. corn farmers, the world’s biggest growers, may have planted more acres last week than in any week ever as dry

-- China’s Heilongjiang province, the country’s biggest soybean

-- Palm oil imports by India, the largest buyer, may drop this

-- China, the world’s second-largest sugar consumer, will sell

-- Palm-oil futures on the Malaysia Derivatives Exchange rose

-- Crude oil was little changed in London as speculation mounted

-- U.S. meat prices may rise to records this summer after

-- Asian currencies rose, with Taiwan’s dollar and South Korea’s won reaching the highest levels in at least 19 months, on

-- Stocks rallied and commodities rose as corporate earnings

-- Foreign-exchange profits from carry trades are disappearing

-- Caterpillar Inc., the world’s largest maker of construction

-- Greece is unlikely to be the last euro nation to need an

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