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Jan. 26 (Bloomberg) -- What follows are opening calls for U.S. grain and oilseed markets.
-- Corn futures are called to open 7 cents to 10 cents a bushel higher on the Chicago Board of Trade after the Federal Reserve said that it expects to keep U.S. interest rates low into late 2014, eroding the appeal of the dollar and boosting demand for commodities, Jim Gerlach, the president of A/C Trading Co. in Fowler, Indiana, said in a telephone interview.
-- Soybean futures may open 7 cents to 10 cents a bushel higher on the CBOT on speculation that low borrowing costs will spur the global economy, boosting demand for food and livestock feed, Gerlach said. Soybean-oil futures are expected to open 0.25 cent to 0.35 cent a pound higher, and soybean-meal futures may open $2 to $3 higher per 2,000 pounds.
-- Wheat futures may open 10 cents to 12 cents a bushel higher on the CBOT, the Kansas City Board of Trade and the Minneapolis Grain Exchange on speculation that freezing weather forecast during the next six days in parts of Russia and Ukraine will damage winter crops, Gerlach said.
--Editors: Patrick McKiernan, Thomas Galatola
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