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Soy, Grains Called Higher on Outlook for Adverse Weather

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

-- Soybean futures may open 12 cents to 15 cents a bushel higher on the Chicago Board of Trade on concern that too much rain in Brazil may damage crops and slow harvesting, said Roy Huckabay, an executive vice president at the Linn Group in Chicago. Soybean-oil futures are expected to open 0.6 cent to 0.7 cent a pound higher, and soybean-meal futures may open up $3 to $4 per 2,000 pounds.

-- Corn futures are called to open 3 cents to 5 cents a bushel higher in Chicago on speculation that rain in Brazil will reduce the number of acres that farmers plant in the season’s secondary crop, Huckabay said. Wet, cold weather expected in the U.S. Midwest over the next month may delay planting, he said.

-- Wheat futures may open steady to 2 cents a bushel higher on the CBOT, Kansas City Board of Trade and the Minneapolis Grain Exchange on speculation that dry weather in the past four months and drought conditions in the southern Great Plains will reduce the winter harvest and yields, Huckabay said.

-- U.S. stock futures fluctuated as oil climbed and a Federal

-- U.S. exporters sold 220,000 metric tons of hard-red winter

-- Companies in the U.S. added more workers in February than

-- Crude oil traded near its highest closing price in 29 months

-- Copper, corn and rubber may tumble in the next six months, while gold climbs to a record $1,500 an ounce as turmoil in the

-- Federal Reserve Chairman Ben S. Bernanke signaled he’s in no

-- A global food crisis on the scale of what happened three years ago isn’t recurring because an increase in the cost of

-- European Union agriculture policy must adapt to “new expectations,” including increased price volatility, environmental concerns and industry innovation, said Stephane

-- Leon Brittan, the trade adviser to U.K. Prime Minister David

-- China Grain Reserves Corp., the state grain manager known as

-- Europe suffers from “technophobia” in agriculture that is

-- South Korea, which imports almost all of its corn and wheat,

-- Russian Prime Minister Vladimir Putin ordered the government

-- The La Nina event in the Pacific Ocean continues to weaken

-- Whole-milk powder prices surged to a record on sustained

-- A JPMorgan Chase & Co. unit took delivery of almost 1 million

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