GRAIN HIGHLIGHTS: Top Stories of the Day

06/19/2012| 04:53pm US/Eastern

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   TOP STORIES 
 
Archer Daniels Sees Pressure in Ethanol, Grain-Handling Unit 

Archer Daniels Midland Co.'s (>> Archer Daniels Midland Company) chief executive said ethanol margins have declined in the current quarter, and profits in its grain-handling segment are running below the company's forecast.

 
   STORIES OF INTEREST 
 
Argentina Says It Will Clear Six Million Tons of 2012-13 Wheat Exports 

BUENOS AIRES--The Argentine government plans to allow six million metric tons of wheat exports from the crop being planted, the agriculture ministry said Tuesday.

 
Appeal Court Upholds Ending Canadian Wheat Board's Marketing Monopoly 

WINNIPEG, Manitoba--The Federal Court of Appeal upheld the Canadian government's decision to end the Canadian Wheat Board's monopoly over grain marketing in western Canada, effectively overturning an appeal claiming the government broke the law by the move, a release from Agriculture and Agri-Food Canada said.

 
Monsanto Files Patent-Infringement Suit vs. DuPont 

CHICAGO--Seed company Monsanto Co. (MON) filed a lawsuit against E.I. DuPont de Nemours & Co. (>> E I Du Pont De Nemours And Co) and its Pioneer Hi-Bred International Inc. unit, alleging infringement of Monsanto patents in seed-development technology.

 
   THE MARKETS 
 
U.S. GRAIN AND SOY REVIEW: Soy Futures Jump on Dry Weather 

CHICAGO--U.S. soybean futures closed sharply higher Tuesday, jumping on worries about dry weather damaging crops while export demand remains strong.

 
US LIVESTOCK REVIEW: Cattle, Hogs Mixed on Demand Concern 

CHICAGO--U.S. livestock futures finished mixed Tuesday as traders remained wary of summer meat demand even as a sharp rally in corn futures helped some futures and hurt others.

Write to Owen Fletcher at owen.fletcher@dowjones.com.

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