GRAIN HIGHLIGHTS : Top Stories Of The Day
04/04/2012| 04:45pm US/Eastern
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TOP STORIES:
Frost Damage, Drought To Support EU Wheat Futures -Commerzbank
European wheat futures are likely to trade above EUR200 a metric ton throughout 2012, Commerzbank said Wednesday, as uncertainty over frost damage, drought and substitution effects in demand will provide support for prices.
STORIES OF INTEREST:
Informa Cuts Brazil, Argentina Soybean Crop Estimates
Private analytical firm Informa Economics on Wednesday cut its outlook for Brazil and Argentina soybean harvests, according to traders.
Jury Still Out On New CWB Wheat Contracts
The jury is still out on the new pricing options for marketing western Canadian wheat recently introduced by the Canadian Wheat Board, according to industry analysts who said there were still too many unknowns with the contracts to recommend them to farmers.
Jordan Buys 50,000 Tons Wheat - Ministry
AMMAN (Dow Jones)--Jordan's Ministry of Industry and Trade Wednesday bought some 50,000 metric tons of wheat from different origins for delivery in July, a senior Jordanian grain official said.
Iraq Seeks At Least 50,000 Tons Wheat In Tender - Grain Board
AMMAN (Dow Jones)--The Iraqi Trade Ministry issued Wednesday a new tender to purchase at least 50,000 metric tons of wheat from any origin.
MARKETS
US GRAIN AND SOY REVIEW: Wheat Futures Fall On Favorable Weather
CHICAGO (Dow Jones)--U.S. wheat futures tumbled on Wednesday on favorable weather conditions for U.S. and European wheat crops.
US Cash Grain Markets: Farmers Holding Corn After Tighter USDA Stocks
CHICAGO (Dow Jones)-Farmers have tightened their grip on stored U.S. corn inventories once again, taking a bullish stance after government forecasters last week reported available corn supplies were smaller than expected.
-By Andrew Johnson Jr, Dow Jones Newswires; 312-347-4604; Andrew.johnsonjr@dowjones.com
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