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BLBG: Soybeans, Corn Called Higher as U.S. Farmers Cut Sales; Wheat May Advance
 
What follows are opening calls for U.S. grain and oilseed markets.
-- Soybean futures may open 10 cents to 12 cents a bushel higher on the Chicago Board of Trade as U.S. farmers withdraw offers after prices fell yesterday to a three-week low, Jim Gerlach, the president of A/C Trading Inc. Fowler, Indiana, said in a telephone interview. Soybean-oil futures are expected to open 0.25 cent to 0.35 cent higher, and soybean-meal futures may open up $3 to $4 per 2,000 pounds.
-- Corn futures are called to open 2 cents to 4 cents a bushel higher on the CBOT amid speculation that the government will reduce its estimate of the U.S. crop in a report on Nov. 9, Gerlach said.
-- Wheat futures may open 1 cents to 2 cents a bushel higher on the CBOT, the Kansas City Board of Trade and the Minneapolis Grain Exchange on speculation that the biggest jump in cattle prices in five weeks will boost demand for the grain in livestock feed, Gerlach said.
WHAT TO WATCH: (ALL TIMES NEW YORK)
10:30 a.m. Department of Energy inventory report
12:30 p.m. FOMC rate decision
2:15 p.m. Bernanke speaks at Fed press conference
2 p.m. USDA livestock slaughter
3 p.m. USDA broiler eggs set

TOP COMMODITY STORIES:
-Brazil Lacks Cane Crops to Expand Ethanol Exports, Senator Says
-Palm Oil Climbs on Weather Concerns as Rainy Season Approaches
-BNP Recommends Agribusiness Plays to Weather La Nina in 2012
-Sugar Rebounds as Lower Prices May Spur Demand; Coffee Declines
-Japan Buys 16,000 Tons of Feed Wheat, 111,250 Tons Feed Barley
-Fatty Foods Addictive as Cocaine in Growing Body of Science
-China May Face More U.S. Dumping Charges on Tires, Okachi Says
-China Inflation Cooling Leaves Room for Wen to Loosen Credit
-Nuziveedu Seeds Said to Appoint Goldman, IDFC to Manage IPO
-Crude Rises First Time in Four Days on Jobs Data, Fed Meeting

TOP ECONOMIC AND GOVERNMENT NEWS:
-U.S. Stocks Gain, Commodities Rise as Dollar Slips Before Fed
-EU Leaders to Push Greece on Bailout in Emergency G-20 Talks
-Papandreou Says Bailout Referendum to Confirm Greece in Euro
-ADP Says U.S. Companies Added 110,000 Workers in October
-Fed Seen Laying Ground for More Large-Scale Asset Purchases
-EFSF Delays 3 Billion-Euro Bond Sale on Market Conditions
-Greek Referendum to Hinder IMF, EU Aid, De Jager Says
-Greece’s Gamble Adds Hint of Arab Spring to Crisis: Euro Credit
-MF Global Funds Are All Accounted For, Lawyer Tells Judge
-Gross Says Collapse of MF Global May Erode Investor Confidence



MARKETS (AS OF 9:32 A.M. NEW YORK TIME):
Last %Chg
Corn $6.5725 0.5
Wheat $6.315 0.2
Soybeans $12.135 0.9
Soybean Oil $0.5111 0.6
Soybean Meal $314.10 1.1
WTI Crude Oil $93.54 1.5
N.Y. Gasoline $2.6817 2.2
U.S. Dollar Index 76.753 -0.7
S&P 500 1,237.44 1.6
To contact the reporters on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net; Whitney McFerron in Chicago at wmcferron1@bloomberg.net.
To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net.
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