GRAIN HIGHLIGHTS : Top Stories Of The Day
04/26/2012| 04:20pm US/Eastern
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TOP STORIES:
Argentina Farmers Vow To Ditch Wheat As Export Controls Pinch
Despite excellent planting conditions, many of Argentina's farmers look set to sit out the winter wheat season because government intervention in the market has driven prices so low that they say it isn't worth their time to sow.
Bunge CEO Sees High Grain Prices Into Fall, Expansion In Canada
Grain and soybean prices will remain high at least through the summer, Bunge's chief executive said Thursday.
STORIES OF INTEREST:
Argentina Exchange Trims Soy Output Forecast 1M Tons To 43M Tons
With Argentina's soybean harvest over half done, final yields are coming in lower than initially expected and production prospects have dimmed somewhat, the Buenos Aires Cereals Exchange said in its weekly crop report Thursday.
Cameroon 2011-2012 Soya beans Output Up To 12,000 Tons - Executive
Cameroon's soya beans output for the just-ended 2011-2012 season rose to 12,000 metric tons, up from 10,000 tons produced in the previous season, Henri Clavier, the deputy general manager of the state-run Cotton Development Corporation, told reporters Thursday in Yaounde.
IGC Cuts World 2012-13 Wheat Output View 0.7% To 676 Mln Tons
LONDON (Dow Jones)--The International Grains Council Thursday downwardly revised its estimate for world wheat production in 2012-13 by 5 million metric tons to 676 million tons, due to worse-than-expected winter damage and recent dry conditions sharply reducing the European Union crop forecast.
MARKETS:
US GRAIN AND SOY REVIEW: Soy Mixed; Exports, Global Supplies Underpin
CHICAGO (Dow Jones)--U.S. soybean futures ended mixed Thursday, with futures representing the current marketing year supported by strong export demand and tightening global supplies.
-By Andrew Johnson Jr., Dow Jones Newswires; 312-347-4604; Andrew.johnsonjr@dowjones.com
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