GRAIN HIGHLIGHTS : Top Stories of the Day
02/20/2013| 04:26pm US/Eastern
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TOP STORIES
CF Industries Head Sees Improved River Navigation
The head of one of the world's largest nitrogen-fertilizer companies is "cautiously optimistic" about Mississippi River transportation and the spring crop-planting season in the wake of last year's severe drought.
STORIES OF INTEREST
Brazil and Russia Advance in Talks on Agriculture, Arms Trade
BRASILIA--Brazil and Russia moved ahead on high-level negotiations Wednesday to resolve nagging farm trade differences while opening a dialog that could lead to Brazilian purchases of advanced defense technology.
Egypt's GASC Bought 60,000 Tons of American Wheat for Delivery April 10-20
CAIRO--Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, said Wednesday it bought a total of 60,000 metric tons of American wheat for shipment April 10-20.
Asia Traders See Further Upside for Soybeans on Chinese Demand
Trade participants in Asia see more upside for soybean prices if demand from China increases.
Commodities Market Impact Weather: Major Winter Storm Brings Moisture to Plains, Western Midwest
OMAHA--A major winter storm for the western Midwest, central and Southern Plains, favorable conditions continuing for the eastern Midwest and Delta region, a mainly dry week for Argentina, ample moisture for southern Brazil, drier, hotter weather for South Africa, lower temperatures for Ukraine and Russia, and widespread rains for India and Pakistan are the main weather items for the commodity trade's attention Wednesday.
MARKETS
UPDATE: Soybean Futures Extend Rally; Rise for Second Straight Day
CHICAGO--U.S. soybean futures rose for the second-straight session Wednesday, settling at their highest level in two weeks amid strong export demand for the oilseed.
U.S. Soft-Red-Winter-Wheat Cash Basis Firm on Solid Export Demand
CHICAGO--U.S. soft red winter wheat cash basis levels at Midwest river terminals are sustaining a firm tone amid strengthening export demand.
Write to Andrew Johnson Jr. at andrew.johnsonjr@dowjones.com
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