Soybean futures fell to a six-week low on speculation that rain will boost yields in South America, reducing demand for supplies from the U.S. Wheat dropped, while corn gained.
Behind the glazed white terra cotta facade of the Ritz-Carlton hotel in New Orleans is a 16-year legal battle with the Internal Revenue Service.
Wheat futures dropped to a five-week low on speculation that exports will increase from India, the world’s second-largest grower. Corn and soybeans also declined as rains aid crops in South America.
Corn fell, extending the longest slump in three months, and soybeans declined on concern that economic growth in China will slow, reducing demand for livestock feed and food.
Corn futures fell for a fourth straight session and soybeans dropped for a second day on speculation that a stronger dollar will erode demand for commodities.
What follows are opening calls for U.S. grain and oilseed markets.
Corn futures jumped the most in 10 months as rain and frigid weather slowed the pace of planting in the U.S., the world’s top exporter. Wheat and soybeans rose.
Soybean futures jumped the most in a week on speculation that a lack of rain in the past 30 days damaged prospects for yields in the U.S., the world’s biggest producer. Wheat and corn dropped.
"With India now back looking to sell wheat, that will take a toll on sales by other exporters, including the U.S.."
- Jim Gerlach on Oct 31, 2013