Bloomberg News

Grains, Soybeans Seen Lower as Dry Weather May Boost Harvesting

September 04, 2012

What follows are opening calls for U.S. grain and oilseed markets, which resume trading at 5 p.m. on the Chicago Board of Trade.

-- Corn futures are called to open steady to 2 cents a bushel lower on speculation that dry, warm weather during the next week will increase harvesting and farmer sales of U.S. crops, Alan Brugler, the president of Brugler Marketing & Managements Inc. in Omaha, Nebraska, said in a telephone interview.

-- Soybean futures may open 1 cent to 3 cents a bushel lower on speculation that record prices for the oilseed and soybean meal may slow demand for supplies from the U.S., where harvesting is beginning, Brugler said.

-- Wheat futures may open steady to down 2 cents a bushel as lower corn prices might slow demand for the higher-priced grain in animal feed, Brugler said.

To contact the reporter on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus