GRAIN HIGHLIGHTS : Top Stories of the Day
08/14/2012| 04:41pm US/Eastern
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TOP STORIES:
Ministry: Drought Has Destroyed 7.3% of Russian Grain Harvest
MOSCOW--Russia's drought has destroyed 7.3% of the country's grain harvest with damages estimated to be around 36.5 billion rubles ($1.1 billion), the country's agriculture ministry said Tuesday.
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UPDATE: GASC Buys 120,000 Tons of Russian, Ukrainian Wheat for Shipment Sept. 21-30
CAIRO--Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Tuesday it bought a total of 120,000 metric tons of Russian and Ukrainian wheat, for shipment Sept. 21-30.
Manitoba Winter Wheat Harvest Almost Done, Report Says
WINNIPEG, Manitoba--The winter wheat harvest in Manitoba was nearing completion with yields generally ranging from 50 to 80 bushels an acre with average to above average quality, according to the crop report from the provincial government's Agriculture and Rural Initiative Department for the week ended Aug. 13.
Wet Weather Seen Delaying Western Canadian Harvest
WINNIPEG, Manitoba--A pattern of rain that will fall across western Canada from late August into early September is expected to delay the harvest of some field crops, an industry official said.
Commodities Market Impact Weather: Cool for Northern Plains
OMAHA--Minimal follow-up rain in the Midwest, possibly heavy rain in the Delta, increasing shower chances over the Southern Plains, a very cool trend for the Northern Plains, harvest-delaying showers in the Canadian Prairies, mild conditions in northeast China, a generally favorable trend in the North China Plain, a mixed rain pattern in India crop areas, weekend cooling in southeastern Europe, scattered weekend rain in Ukraine, a wet pattern for western Ukraine, continued hot conditions in the former Soviet New Lands, and no change in the favorable Brazil harvest outlook are the main weather items for the commodity trade's attention Tuesday.
MARKETS
U.S. GRAIN AND SOY REVIEW: Wheat Futures Fall on Black Sea Sale
CHICAGO--U.S. wheat futures fell Tuesday, as Egypt chose a source besides the U.S. to buy the grain and rain fell in Kansas.
U.S. LIVESTOCK REVIEW: Demand Lifts Cattle, Supplies Hit Hogs
CHICAGO--Livestock futures markets diverged in trading Tuesday as cattle contracts surfed rising demand across the beef pipeline while hogs fell under the weight of expanding supplies.
Write to Andrew Johnson Jr. at andrew.johnsonjr@dowjones.com
(MORE TO FOLLOW) Dow Jones Newswires
08-14-12 1640ET
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