GRAIN HIGHLIGHTS : Top Stories Of The Day

07/19/2012| 09:21am US/Eastern

Recommend:

0

Grain futures traded on Globex overnight were higher at 1302 GMT Thursday.

 
                   Last        Change   High       Low         Volume 
   DEC Corn        $7.85       +1       7.98       7.76 1/2    37005 
   SEP Wheat       $9.12 1/4   +9      9.21 1/4    8.96 1/2    10118 
   NOV Soybeans    $16.45      +25      16.51 1/4  16.13 1/2   36726 
   DEC Soymeal     $489.8      +10.8    491.0      476.4       10438 
   DEC Soyoil      $55.29      +0.44    55.55      54.65       13438 
 
TOP STORIES: 
 
Morgan Stanley Ups Grain, Soybean Price Forecasts Due To US Drought 

LONDON--Morgan Stanley (>> Morgan Stanley) said Thursday it had increased its corn, soybean and wheat price forecasts due to drought broadening across the U.S., as the market begins to appreciate that yields will register well-below trend.

 
Taiwan Mills Buy 43,500 Tons US Wheat From United Grain 

The Taiwan Flour Millers' Association Thursday purchased 43,500 metric tons of U.S. wheat from United Grain Corp. for Sept. 3-17 shipment, trading executives said.

 
No Major Improvement in Monsoon Rains Seen Except for Central India -Official 

NEW DELHI--The amount of monsoon rainfall in India is unlikely to improve significantly in the next few days except in the oilseed-growing central region, a senior weather official said Thursday.

 
Indonesia Astra Agro Sells 8,000 Tons CPO Thursday 

Indonesia's PT Astra Agro Lestari (>> PT Astra Agro Lestari Tbk) said in a statement Thursday that it sold 8,000 metric tons of crude palm oil offered in an auction.

 
MARKETS: 
 
US Corn, Soy Set Record Highs Overnight 

8:32 EDT - US corn and soybean futures soared to record highs overnight.

Write to Hellen Kaffaf at hellen.kaffaf@dowjones.com

0