GRAIN HIGHLIGHTS : Top Stories of the Day
02/21/2013| 04:34pm US/Eastern
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2nd UPDATE: USDA Forecasts Record 2013 U.S. Corn, Soybean Output
ARLINGTON, Va.--U.S. farmers are likely to produce record corn and soybean crops this year if last year's severe drought isn't repeated, the U.S. Department of Agriculture said Thursday.
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IGC Estimates World Grain Stocks at Six-Year Low at Season's End
LONDON--The International Grains Council Thursday has raised its estimate for world grains stocks at the end of the 2012-13 season but says that will still be the smallest volume in six years.
Argentina Grain Prices Flat on Week, Exporter Demand Strong
BUENOS AIRES--Argentine grain prices were relatively flat on the week, with strong demand from exporters providing support.
Rainfall Boosts Argentina Crops, Eases Drought Fears
BUENOS AIRES--Argentina's dry fields got a respite this week, as scattered showers gave the developing soybean and corn crops a drink just in time to stem major crop losses.
USDA Says 130,450 Tons of Soybeans Sold to Unknown
WASHINGTON--Private exporters reported to the U.S. Department of Agriculture export sales of 130,450 metric tons of soybeans for delivery to unknown destinations.
MARKETS
UPDATE: Wheat Futures Slide as Storm Brings Moisture to Great Plains
CHICAGO--U.S. wheat futures fell to a 7 1/2-month low Thursday as a major winter storm brought much-needed moisture to wheat crops in the Great Plains.
Illinois Cash Corn Basis Strengthens on Supply Tightness
CHICAGO--Cash corn basis levels in Illinois strengthen, a reflection of domestic supply tightness.
-Write to Andrew Johnson Jr. at andrew.johnsonjr@dowjones.com
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