Bloomberg News

Grains, Soybeans Seen Lower as Harvest Progresses in Midwest

September 05, 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 2 cents to 4 cents a bushel lower as the U.S. harvest progresses, adding to available supplies, Jamey Kohake, a broker and branch manager at Paragon Investments in Silver Lake, Kansas, said in a telephone interview.

-- Soybean futures may open 2 cents to 4 cents a bushel lower as growers prepare to collect the U.S. crop, Kohake said.

-- Wheat futures may open 2 cents to 4 cents a bushel as lower corn prices might slow demand for the higher-priced grain in animal feed, Kohake said.

To contact the reporter on this story: Tony C. Dreibus at tdreibus@bloomberg.net.

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


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