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GRAIN HIGHLIGHTS : Top Stories Of The Day

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06/01/2012 | 11:17pm CET

TOP STORIES:

 
CFTC AGRICULTURE: Managed Funds Reduce Longs In CBOT Corn 

Money managers cut their net-long positions in Chicago Board of Trade corn futures, government data showed Friday, as investors abandon long positions on slowing demand and improved crop weather.

STORIES OF INTEREST:

 
Commodities Market Impact Weather: Scattered Midwest Rain 

Scattered Midwest rainfall, varied moisture in the Delta, periodic rainfall in the Southern Plains, a benign pattern in the Northern Plains, a mixed situation over the southeastern U.S., warmer conditions across the Canadian Prairies, an active pattern in Ukraine and South Russia, a dry and very warm pattern in the former Soviet New Lands region, possible weekend rainfall in northeast China, a slight delay in the arrival of the India monsoon, and short-term rain in eastern Australia are the main weather items for the commodity trade's attention Friday.

 
Vietnam Agriculture Ministry Raises 2012 Rice Export Forecast To 6.25M Tons 

Vietnam's Ministry of Agriculture said Friday that it has raised its rice export forecast for this year to 6.25 million metric tons, up from 5.42 million tons.

MARKETS

 
US GRAIN AND SOY REVIEW: Corn Ends Volatile Day Lower 

CHICAGO (Dow Jones)--U.S. corn futures ended a volatile day by closing lower Friday, as renewed macroeconomic worries brought broad pressure on commodities markets.

-By Andrew Johnson Jr, Dow Jones Newswires; 312-342-5470; Andrew.johnsonjr@dowjones.com

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