Corn, Soybeans Called to Open Higher on Demand; Wheat May Fall
What follows are opening calls for U.S. grain and oilseed markets, which open at 5 p.m. on the Chicago Board of Trade.
-- Corn futures are called to open 1 cent to 2 cents a bushel higher on the Chicago Board of Trade, after a three-session price slide sparks purchases by importers and U.S. livestock producers, Dave Marshall, a farm marketing adviser for Toay Commodity Futures Group LLC in Nashville, Illinois, said in a telephone interview.
-- Soybean futures may open 1 cent to 3 cents a bushel higher in Chicago on signs of rising domestic processing activity and increased global demand for soy-based animal feed and cooking oils, Marshall said.
-- Wheat futures may open steady to 2 cents a bushel lower on the CBOT after a 34 percent jump in prices during the past two months reduces overseas demand for U.S. supplies, Marshall said.
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