Grain Opening Calls and News – Futures Broker

WHEAT – Up 3 to 5 cents per bushel.
Dry weather in the western U.S. winter wheat region and excessive wet weather in Australia’s wheat harvest combining to lift wheat futures.
* Dryness continues to be a concern in the U.S. western winter wheat growing region. There are signs of rainfall for next week but the showers likely will fall in the eastern crop
region, away from the large wheat area in the west.
* Additional heavy rainfall is expected over the near and long term in the eastern Midwest soft red winter wheat region which will further recharge soil moisture levels.
CORN – Up 1 to 2 cents per bushel.
Spillover support from gains in wheat, ongoing support from outlooks for shrinking stocks of corn in the U.S. and from Russia’s need to import feedgrains.
SOYBEANS – Up 1 to 2 cents per bushel.
Support from concerns about dry weather in portions of South America’s soy growing areas and continued support from brisk exports of U.S. soy, especially to China.