Sideabr Widget Area
Sidebr widget area is empty
To edit this sidebar:
Go to admin Appearance -> Widgets and place widgets into "sidebar" Widget Area
Posted on January 31, 2012
What follows are opening calls for U.S. grain and oilseed markets.
— Wheat futures may open 10 cents to 12 cents a bushel higher on the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange on speculation that cold weather in parts of Europe, Russia and Ukraine and dry weather in the southern U.S. Great Plains may reduce yields, Greg Grow, the director of agribusiness at Archer Financial Services Inc. in Chicago, said in a telephone interview.
— Corn futures are called to open 6 cents to 8 cents a bushel higher in Chicago on speculation that export demand will rebound following the 1.6 percent price decline yesterday, Grow said.
— Soybean futures may open 3 cents to 5 cents a bushel higher on the CBOT on speculation that demand will climb after the price fell yesterday by the most in four months, Grow said. Soybean-oil futures are expected to open 0.3 cent to 0.4 cent a pound higher, and soybean-meal futures may open $1.50 to $2.50 higher per 2,000 pounds.
WHAT TO WATCH: (ALL TIMES NEW YORK) 2 p.m. USDA Daily Cattle, Hog Slaughter 3 p.m. USDA Agriculture Prices for January 4:30 p.m. API U.S. Crude Oil, Product Inventories TOP COMMODITY STORIES: -Farmers Making $100 Billion Don’t Need Subsidies to Grow: View -ADM Profit Misses Estimates After U.S. Grain Exports Decline -Global Food Prices May Keep Falling This Year, World Bank Says -Corn in Brazil’s Parana Seen in Bad Condition in 14% of Crop -Corn May Drop as U.S. Farmers Raise Output 15%, BB&T Says -China Corn Supply to Tighten in 5 Years, Grain Official Writes -China Meat Appetite Means Massive U.S. Exports, AgriTrends Says -Palm Oil Has First Monthly Loss Since September on Demand Woes -Russia May Be Able to Export More Grains Without Starting Curbs -Russia’s Grain Exports Potential Exceeds 30 Million Metric Tons -Russia’s Black Earth Area May Suffer Spring Drought, Ikar Says -Extreme Cold in Ukraine Kills 30 People, Closes Schools -Kansas Wheat Conditions Worsen, Texas Improves, USDA Says TOP ECONOMIC AND GOVERNMENT NEWS: -Stocks, Euro Rise as Greek Debt Talks Progress; Crude Oil Jumps -EU Moves Toward Greek Confrontation as Leaders Seal Fiscal Pact -Home Prices in 20 U.S. Cities Decreased More Than Forecast -Employment Costs in the U.S. Increased 0.4% in Fourth Quarter -Emerging-Market Stocks Extend Best Start of Year Since 2001 -Italy’s Jobless Rate Rose to Highest Since 2004 in December -German Unemployment Fell More Than Forecast in January: Economy -German Consumers Defied Christmas Season as Retail Sales Fell -Draghi Stuck With Trichet’s ‘Temporary’ Bond Plan: Euro Credit -Wen’s Curbs on Informal Lending to Bolster Bonds: China Credit -Japan Production Rebound at Risk as Azumi Warns on Yen: Economy MARKETS (AS OF 10:02 A.M. NEW YORK TIME): Last %Chg Corn $6.3925 1.2 CBOT Wheat $6.57 1.9 Soybeans $11.90 0.4 Soybean Oil $0.506 0.7 Soybean Meal $314.30 0.5 WTI Crude Oil $100.55 1.8 N.Y. Gasoline $2.893 0.8 U.S. Dollar Index 79.065 -0.1 S&P 500 1,315.82 0.2
To contact the reporters on this story: Jeff Wilson in Chicago at email@example.com; Whitney McFerron in Chicago at firstname.lastname@example.org.
To contact the editor responsible for this story: Steve Stroth at email@example.com