Grains Opening Calls and News / Futures Broker

WHEAT – Up 8 to 10 cents per bushel.
Active export sales of U.S. wheat and news Egypt made its first purchase of wheat in nearly a month combine to boost wheat futures with
further support from concern about harm to the U.S. crop from a cold snap this week.
CORN – Up 3 to 5 cents per bushel.
Dwindling supplies of U.S. corn, talk China may buy large tonnages of U.S. corn and increasing corn use by the ethanol industry and spillover support from a rally in wheat lifting corn futures. Spot March rallied to 30-1/2 month high in Globex trade. SOYBEANS – Up 8 to 10 cents per bushel.
Brisk exports of U.S. soybeans, outlooks for shrinking supplies of U.S. soy and spillover from gains in corn and wheat combine to lift soybean
futures.
* Recent rainfall in Argentina beneficial to the soybean crop and more showers are expected on Monday. Overall satisfactory weather remains the norm in Brazil.