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Corn, Soy, Wheat Called Higher as Weather May Cut Yields

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

-- Corn futures are called to open up 5 cents to 6 cents a bushel on the Chicago Board of Trade on speculation that yields will decline as wet weather delays U.S. planting, said Jim Gerlach, the president of A/C Trading Inc. in Fowler, Indiana.

-- Soybean futures may open 5 cents to 6 cents a bushel higher in Chicago on the slow pace of sowing in the U.S., Gerlach said. Soybean-oil futures are expected to open 0.2 cent a pound higher, and soybean-meal futures may open up $1 per 2,000 pounds, he said.

-- Wheat futures may open 1 cent a bushel higher on the CBOT, the Kansas City Board of Trade and the Minneapolis Grain Exchange, as rain hampers spring seeding in Canada and the northern U.S., while drought hurts crops in the southern Great Plains, Gerlach said.

-- U.S. stocks fell, sending the Standard & Poor’s 500 Index

-- Industrial production in the U.S. unexpectedly stalled in

-- Global food prices are set to extend gains as production

-- U.S. corn production may rise 3 percent to 4 percent as prices that have nearly doubled in the past year make the grain

-- Mississippi River water pouring through 11 gates on

-- Wheat crops in the U.S. Great Plains are showing signs that

-- China will encourage the direct trade of soybean and other

-- Drought conditions in China affected 20.19 million mu (1.35

-- China National Development and Reform Commission asked local authorities to lower the costs for vegetable production and

-- Russian farmers planted 2.8 million hectares with spring

-- France’s soft-wheat harvest will drop below 35 million metric

-- The U.K. got about 61 percent of its normal rainfall in the last three months and low river levels are starting to affect

-- Poland will ask the European Union to increase the EU wheat-

-- Rains in Colombia have damaged 200,000 hectares (494,211

-- South Africa’s corn harvest will fall to 11.5 million metric tons, down 14 percent from a year earlier, as wet weather may

-- South Africa exported 9,539 metric tons of yellow corn to

-- Bangladesh plans to import 30,000 metric tons of sugar to build stockpiles and to meet domestic demand ahead of the Ramadan festival, Commerce Minister Faruk Khan said today. The

-- Balrampur Chini Mills Ltd. expects ethanol prices in India

-- Rice production in the Philippines, the world’s biggest buyer

-- Rice shipments from Vietnam, the world’s second-largest

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