GRAIN HIGHLIGHTS : Top Stories of the Day
08/17/2012| 04:40pm US/Eastern
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TOP STORIES:
Illinois Researcher Confirms Rootworm Resistance To Monsanto Corn Trait
New tests confirm that damage last year to some corn fields in western Illinois was caused by rootworms that have developed resistance to a Monsanto Co. (MON) genetically modified trait, a University of Illinois researcher said.
UPDATE: U.S. Court Dismisses Legal Challenges to EPA Ethanol Decision
WASHINGTON--A federal appeals court on Friday dismissed legal challenges to the Environmental Protection Agency's move to expand ethanol use in the U.S.
STORIES OF INTEREST:
CFTC AGRICULTURE: Managed Funds Add to Their Net Long Position in CBOT Corn
CHICAGO--Money managers increased their length in Chicago Board of Trade cornfutures and options, as traders factor in tighter supply forecasts after a historic drought-ravaged U.S. summer crops, government data showed Friday.
India Summer Crop Area Picks up Marginally, But Still Behind From Year Ago
MUMBAI--Planting of summer crops in India's major growing regions has picked up marginally over the past few days with an improvement in the quantity of rainfall, but the total area under cultivation is still behind that of last year, government data showed Friday.
Commodities Market Impact Weather: Possible Heavy Delta Rain
OMAHA--Late-season improvement in the Midwest, moderate rainfall in the Southern Plains wheat areas, possible heavy rain in the Delta, a mild trend in the northern growing areas, generally favorable conditions in China, a weakening India monsoon rain pattern, a weekend heat wave moving into France and Germany, a short-term break from heat in southeastern Europe, a cooler and wetter trend in southern Ukraine, an unfavorable wet pattern in western Ukraine, no improvement in the trend over the former Soviet New Lands, and rain for Argentina wheat areas are the main weather items for the commodity trade's attention Friday.
MARKETS
U.S. GRAIN AND SOY REVIEW: Wheat Extends Recovery on U.S. Export Optimism
CHICAGO--U.S. wheat futures end higher Friday, rebounding from prior losses for the third consecutive day on optimism for U.S. export demand.
Write to Andrew Johnson Jr. at andrew.johnsonjr@dowjones.com
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