What follows are opening calls for U.S. grain and oilseed markets, which open at 5 p.m. on the Chicago Board of Trade.
-- Corn futures may open 1 cent to 2 cents per bushel higher as little or no rain is forecast in the Midwest, extending the worst drought in the U.S. since 1956 and curbing production, Scott Stoller, a grain merchandiser at Michlig Grain in Manlius, Illinois, said in a telephone interview.
-- Soybean futures may open steady to 2 cents a bushel higher as the lack of rain and hot weather curbs yields as plants enter critical growth stages, Stoller said. Soybean-oil futures may open steady to 0.2 cent a pound higher, and soybean-meal futures may open $1 to $2 higher per 2,000 pounds.
-- Wheat futures may open steady to up 2 cents a bushel, Stoller said.
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