Soybeans, Corn, Wheat May Decline on Beneficial Crop Weather
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What follows are opening calls for U.S. grain and oilseed markets.
-- Soybean futures may open 12 cents to 14 cents a bushel lower on the Chicago Board of Trade as warm, wet weather aids early U.S. crop development, said Mark Schultz, the chief analyst at Northstar Commodity Investment Co. in Minneapolis. Soybean-oil futures are expected to open 0.6 cent to 0.7 cent a pound lower, and soybean-meal futures may open down $3 to $4 for 2,000 pounds.