Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Corn, Soybeans, Wheat May Open Lower on Beneficial Weather

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

-- Corn futures are called to open 3 cents to 5 cents a bushel lower on the Chicago Board of Trade as rain in the next four days in parts of Brazil and Argentina aids crops after dry weather reduced soil moisture this month, Chad Henderson, a market analyst at Prime Agricultural Consultants Inc. in Brookfield, Wisconsin, said in a telephone interview.

-- Soybean futures may open 5 cents to 7 cents a bushel lower on speculation that rain may improve conditions for developing crops in South America, Henderson said. Soybean-oil futures are expected to open steady to 0.05 cent a pound lower, and soybean-meal futures may open $2 to $3 lower per 2,000 pounds.

-- Wheat futures may open 3 cents to 5 cents a bushel lower on the CBOT, the Kansas City Board of Trade and the Minneapolis Grain Exchange on speculation that rain and snow this week improved yield potential in the U.S. Great Plains after farmers planted crops in dry soils from September to November, Henderson said.

10:30 a.m. U.S. DOE crude, gasoline, distillate inventories
10:30 a.m. U.S. DOE refinery utilization, product implied demand
2 p.m.     USDA daily hog and cattle slaughter report
3 p.m.     USDA weekly broiler egg set, chick placed report

-German Winter Crops Mainly in Good Condition, Toepfer Says
-South Africa Cuts Wheat Harvest Forecast 1.9% on Dry Conditions
-Ukraine’s Grain Exports Fell in December, UkrAgroConsult Says
-Russia’s Grain Exports Were 15 Million Tons, Rusagrotrans Says
-Algeria’s Wheat Imports Rose 42% in First 11 Months of 2011
-Japan Buys 21,900 Tons of Feed Wheat, 102,150 Tons of Barley
-Palm Oil Gains on Concern Supplies May Drop as Production Slows
-Korea Corn Processing Said to Buy 55,000 Tons of Corn in Tender
-U.S. Hog-Breeding Herd Rose 0.7% From Year Ago, Survey Shows
-Emerging Stocks to Drop on Commodities Risk: Technical Analysis
-Oil Rises for Third Day on ECB Lending, U.S. Inventory Outlook

-Stocks, Euro, Italian Bonds Fall as Optimism Fades on ECB Loans
-ECB Lends 489 Billion Euros for Three Years, Exceeding Forecast
-Italian GDP Contracts as Nation Enters New Recession: Economy
-EU to Hold Summit on Jan. 30 on Growth, Jobs, Van Rompuy Says
-Japan Exports Decline for Second Month as Europe Takes Toll
-Bernanke Policy Seen Successful as Savers Become Consumers

                              Last      %Chg
Corn                         $6.0325    -0.6
CBOT Wheat                   $6.0325    -0.7
Soybeans                     $11.48     -0.6
Soybean Oil                  $0.4977     0.04
Soybean Meal                 $296.70    -0.8
WTI Crude Oil                $97.72      0.5
N.Y. Gasoline                $2.5833     0.2
U.S. Dollar Index            79.948      0.1
S&P 500                      1,234.92   -0.5

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.