GRAIN HIGHLIGHTS : Top Stories Of The Day
05/16/2012| 08:42am US/Eastern
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Grain futures traded on Globex overnight were lower at 1340 GMT Thursday.
Last Change High Low Volume
Jul Corn $5.94 -3 1/4 5.98 1/2 5.90 3/4 7671
Jul Wheat $6.08 -0 1/2 6.09 1/2 6.04 5354
Jul Soybeans $13.95 3/4 -17 1/4 14.16 1/2 13.86 1/4 21330
Jul Soymeal $412.5 -4.7 417.0 409.4 6228
Jul Soyoil $50.55 -0.92 51.52 50.05 18062
TOP STORIES:
South Korea FLC Buys 60,000 Tons Corn At $259.50/Ton, C&F -Traders
South Korea's Feed Leaders Committee has purchased 60,000 metric tons of optional-origin feed grade corn from Marubeni Corp. (8002.TO) at $259.50/ton, basis cost and freight for arrival by end-December, trading executives said Wednesday.
Indonesia Resumes Issuing Corn Import Permits After Almost 2 Months -Officials
Indonesia has resumed issuing feed corn import permits after a gap of almost two months because millers have been insisting that local supply is inadequate, industry officials and traders said Wednesday.
China 2011-12 Soybean Imports Likely 58 Mln Tons -CNGOIC
BEIJING (Dow Jones)--China is likely to import 58 million metric tons of soybeans in the current marketing year that began Oct. 1, up 11% from last marketing year's 52.34 million tons, the state-backed China National Grain and Oils Information Center said Wednesday.
China's 2012 Corn Output Likely 197.5 Mln Tons, Up 3% -CNGOIC
BEIJING (Dow Jones)--China's corn output this year is likely to reach a record 197.5 million metric tons, up 3% from 2011, the state-backed China National Grain and Oils Information Center said Wednesday in its first output estimate report on 2012 grain production.
US Soybean Sales To Southeast Asia Rise On S America Drought
SINGAPORE (Dow Jones)-The U.S. is enjoying strong soybean sales to Southeast Asia due to drought in South America, with May-August exports likely to top 600,000 metric tons, a senior industry executive said Wednesday.
US Soybean Plantings Likely 2.0 Mln-2.5 Mln Acres Above Expectations -Economist
SINGAPORE (Dow Jones)--Soybean plantings in the U.S. are likely to be much higher than initial expectations, not only because of higher prices but also because the wheat harvest is running ahead of schedule, a senior agricultural economist said Tuesday.
-By Jonathan Robins, Dow Jones Newswires; 4420-7842-9285; Jonathan.Robins@dowjones.com
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