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.
-- Corn futures may open 5 cents to 7 cents a bushel higher on the CBOT as forecasts for dry weather in the U.S. Midwest boosts concerns that drought will threaten yields, said Paul Deane, an analyst at Australia & New Zealand Banking Group Ltd. (ANZ)
-- Soybean futures may open 7 cents to 10 cents a bushel higher as the persistent Midwest drought threatens to curb output in the world’s biggest grower, Deane said in an e-mail.
-- Wheat futures may open 3 cents a bushel higher on expectations corn and soybean prices will advance, he said.
To contact the reporter for this story: Phoebe Sedgman in Melbourne at firstname.lastname@example.org
To contact the editor responsible for this story: James Poole at email@example.com