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GRAIN HIGHLIGHTS : Top Stories Of The Day

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05/21/2012 | 10:46pm CET

TOP STORIES:

Russia Awaits Rain To Slake Fears Over Wheat Crop And Grain Exports

Extreme dryness across southern Russia is stoking fears that the key wheat-growing region will experience further crop losses, and the situation even threatens to tighten the world's exportable wheat surplus, experts said Monday.

STORIES OF INTEREST:

USDA Says 100,000 Tons Of HRW Wheat Sold To Iraq In 2012-13

Private exporters reported to the U.S. Department of Agriculture export sales of 100,000 metric tons of HRW Wheat for delivery to Iraq during the 2012-2013 marketing year.

Commodities Market Impact Weather: Very Warm And Dry Midwest

A very warm and dry Midwest trend, possible heat damage to wheat in the Southern Plains, a favorable pattern over the Northern Plains, a stressful pattern in the southern U.S., a cool trend with showers in the Canadian Prairies, the first tropical storm of the year, an easing of the cold snap in Europe, a continued dry outlook for Russia, a heavy rain outlook for central China, and possible showers for eastern Australia are the main weather items for the commodity trade's attention Monday.

MARKETS

US GRAIN AND SOY REVIEW: Weather Concerns Boost New-Crop Soy

CHICAGO (Dow Jones)--U.S. soybean futures climbed Monday, fueled by investors adding risk premium to account for stressful weather.

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

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