GRAIN HIGHLIGHTS : Top Stories of the Day
06/18/2012| 06:34pm US/Eastern
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TOP STORIES:
U.S. CROP PROGRESS: Corn, Soybean Crops Struggle Amid Heat, Dryness
CHICAGO--U.S. corn and soybean crops are deteriorating amid the hot, dry weather that has gripped the Midwest, the government said in a weekly report.
STORIES OF INTEREST:
India Hasn't Yet Received Orders to Export Wheat to Iran
NEW DELHI--India's efforts to export 2 million-4 million metric tons of wheat to Iran appear to have made little headway with no commitment yet from Tehran, two senior government officials said Monday.
Iraq Buys 250,000 Tons of Australian, Russian, Canadian Wheat
The Iraqi Grain Board, a state utility, has bought a total of 250,000 metric tons of wheat of Australian, Russian and Canadian origins, a senior board official said Sunday.
THE MARKETS:
U.S. GRAIN AND SOY REVIEW: Corn Futures Jump on Dry Weather
CHICAGO--U.S. corn futures closed higher Monday, boosted by forecasts for dry weather and by strong cash markets.
U.S. LIVESTOCK REVIEW: Hogs Fly on Pork Prices, Pull Cattle Upward
Lean hog futures staged a sharp rally Monday, sparked by fresh signs that a seasonal tightening of supplies is helping the industry overcome sluggish domestic pork demand.
European Wheat Firms on Greek Election Results
European wheat futures are trading a tad higher Monday after a narrow victory by Greece's pro-bailout party New Democracy, but analysts warn that such optimism will likely wane given the overhang of structural problems that Europe continues to face.
-Write to Owen Fletcher at owen.fletcher@dowjones.com
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