Soybeans, Wheat May Open Higher on Supply Concerns; Corn Steady
What follows are opening calls for U.S. grain and oilseed markets, which open on the Chicago Board of Trade at 6 a.m. Singapore time.
-- Soybean futures may open 1 cents to 3 cents a bushel higher on the CBOT on short-term supply concerns and amid speculation China has boosted demand for U.S. exports, according to Ker Chung Yang, an analyst at Phillip Futures Pte.
-- Corn futures may open steady to 2 cents lower on concerns about poor yields during early stages of the harvest and demand uncertainty, he said in an e-mail.
-- Wheat futures may open 1 cent to 2 cents a bushel higher on concerns about drought in parts of the U.S. and the harvest in the Black Sea and European Union, he said.
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