GRAIN HIGHLIGHTS : Top Stories Of The Day
07/05/2012| 11:45am US/Eastern
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Grain futures traded on Globex overnight were higher at 1500 GMT Thursday.
Last Change High Low Volume
Dec Corn $6.97 1/2 +23 6.98 6.87 1/2 42663
Sep Wheat $8.17 +18 8.19 3/4 8.10 11394
Nov Soybeans $15.02 +27 1/4 15.03 14.93 29532
Dec Soymeal $439.6 +10.4 439.8 435.7 7068
Dec Soyoil $54.43 +0.55 53.88 54.14 9509
World Food Prices May Rise In July On US Corn Concerns
LONDON--World food prices are expected to rebound in July from three consecutive months of falls, as concern over hot and dry weather in the U.S. corn belt boosts commodity prices on wider markets, the United Nations' food body said Thursday.
FAO Cuts World Cereal Output View On US Corn Woes, Supply Still Adequate
LONDON--The United Nations' food body Thursday sharply lowered its forecast for world cereal production in 2012-13 due to dry weather concerns for the U.S. corn crop, but said that the overall supply and demand situation remains adequate.
India Rainfall June 28-July 4 Was 49% Below Average -Weather Office
MUMBAI--India's rainfall in the week ended July 4 was 49% below a 50-year average, compared with an 18% decline the previous week, with the monsoon failing to advance into the grain bowl north-west region, the India Meteorological Department said Thursday.
Ukraine PM: Good Grain Harvest Will Boost Hryvnia - Interfax
MOSCOW--A good grain harvest will ensure a buildup of Ukraine's foreign currency reserves and help bolster the hryvnia, Prime Minister Nikolay Azarov said Thursday, Interfax reported.
Shortage Of Offers Mean Jordan Postpones Wheat Tender - Official
AMMAN--Jordan's ministry of industry and trade decided Wednesday to postpone a tender to buy 100,000 metric tons of wheat until July 11 because there was a lack of offers received, a senior Jordanian grain official said Wednesday.
Taiwan Buys US Wheat From Columbia Grain -Executives
SINGAPORE--The Taiwan Flour Millers' Association Thursday purchased 44,250 metric tons of U.S. wheat from U.S.-based Columbia Grain Inc. for Aug. 17-31 shipment, trading executives said.
MARKETS:
U.S. WHEAT: Seen Opening Higher on World-Output Uncertainty
CHICAGO--U.S. wheat futures are expected to open higher Thursday, boosted by worries about smaller output in important overseas growing regions and higher corn prices.
U.S. CORN: Seen Opening Higher On Midwest Drought
CHICAGO--U.S. corn futures are expected to open higher Thursday, adding to a sharp recent rally due to hot and dry Midwest weather.
Write to Nina Bains at nina.bains@dowjones.com
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