Corn, Soybeans, Wheat Called Higher Amid Adverse Global Weather

-- Corn futures are called to open 6 cents to 9 cents a bushel higher on the Chicago Board of Trade on speculation that flooding and cool weather in the next month will delay U.S. planting, reducing yield potential, said Greg Grow, the director of agribusiness for Archer Financial Services Inc. in Chicago.

-- Wheat futures may open 5 cents to 7 cents a bushel higher on the CBOT, Kansas City Board of Trade and the Minneapolis Grain Exchange as warm, dry weather may damage winter crops beginning to develop in the southern U.S. Great Plains and wet, cold weather slows spring seeding in the northern plains and Canadian Prairies, Grow said.

-- Soybean futures may open 4 cents to 6 cents a bushel higher in Chicago on speculation that rain will reduce yields and delivery of crops to export terminals in Brazil, increasing demand for U.S. supplies, Grow said. Soybean-oil futures are expected to open 0.15 cent to 0.2 cent a pound higher, and soybean-meal futures may open steady to up $1 for 2,000 pounds of the animal feed.

(Source: http://www.bloomberg.com/news/2011-03-21/corn-soybeans-wheat-called-higher-amid-adverse-global-weather.html)