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GRAIN HIGHLIGHTS : Top Stories Of The Day

05/11/2012 | 05:02pm US/Eastern
   TOP STORIES: 
 
UK's Recent Rain Benefited Some Crops, Damaged Others - Agency 

The U.K.'s recent rainfall has been good for many of the region's crops but has damaged others, the Environment Agency said Friday, as it removed official drought status from several parts of England.

 
 
   STORIES OF INTEREST: 
 
SURVEY: NOPA April Soy Crush Seen Down To 131.1M Bushels 

Analysts and traders expect soybean crush rates for April to decline to about 131.1 million bushels in the National Oilseed Processors Association monthly report, down from the previous month on seasonal processing trends, according to a survey of industry analysts.

 
USDA Says 139,500 Tons Of Soybeans Sold To Unknown In 11-12 

Private exporters reported to the U.S. Department of Agriculture export sales of 139,500 metric tons of soybeans for delivery to unknown destinations during the 2011/2012 marketing year.

 
USDA Says 300,000 Tons Of Corn Sold To Unknown Destinations 

WASHINGTON (Dow Jones)--The U.S. Department of Agriculture said private exporters reported export sales of 300,000 metric tons of corn for delivery to unknown destinations. Of the total, 60,000 tons is for delivery during the 2011-2012 marketing year and 240,000 tons is for delivery during the 2012-2013 marketing year.

 
S Korea's Kocopia Buys Corn; $286.50/Ton, $273.35/Ton, C&F 

SINGAPORE (Dow Jones)--The Korea Corn Processing Industry Association, or Kocopia, Friday in a tender purchased two cargoes totaling 110,000 metric tons food-grade optional origin corn from Bunge Ltd. (BG) and Glencore International PLC (GLNCY), both basis cost and freight, trading executives said.

 
 
   MARKETS 
 
DJ US GRAIN AND SOY REVIEW: Soybeans Slide to Six Week Low on Risk-Off Selling 

CHICAGO (Dow Jones)--U.S. soybean futures fell Friday, dropping more than 3% to a six-week low, as investors liquidated positions in riskier assets amid global economic worries.

-By Andrew Johnson Jr, Dow Jones Newswires; 312-347-4604; Andrew.johnsonjr@dowjones.com

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