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DJ GRAIN UPDATE: e-CBOT Lower Overnight(Comtex Business Via Thomson Dialog NewsEdge)SINGAPORE, Mar 14, 2006 (Dow Jones Commodities News via Comtex) --(Dow Jones)--Grain futures traded on the overnight e-CBOT were lower at 1201 GMT Tuesday. Last Change High Low Volume May Corn $2.28 -3/4 2.28 3/4 2.28 1607 May Wheat $3.65 -2 1/2 3.67 3/4 3.63 1/2 1946 May Soybeans $5.82 -2 1/2 5.85 5.81 1489 May Soymeal $173.40 -0.90 174.30 172.90 104 May Soyoil 23.71c unch 23.77 23.66 134 TOP STORIES: South Korea's Kocopia Buys Up To 107,500 MT Corn - Trader South Korea's Korea Corn Processing Industry Association, or Kocopia, bought up to 107,500 metric tons of corn from trading house LDC in a tender concluded Tuesday, a trader in Seoul said. Russia Lost 18%-20% Winter Grains To Frost-Weather Center MOSCOW (Dow Jones)--The unusually severe frosts in January and insufficient snow cover have resulted in Russian winter grains being damaged on 2.5 million-2.8 million hectares, or 18%-20% of the total planted area, according to the national weather center Rosgidromet Wednesday. Commodities Market Impact Weather: Rain In US Midwest OMAHA (Dow Jones)--The tight vise of drought in wheat and cotton areas of the southern Plains, improving Midwest soil moisture levels from recent rains, and a week of hot, dry and stressful weather ahead in the soybean areas of southern Brazil are the main weather items for the commodity trade's attention Monday. US Ag Secy Sees No Trade Setbacks From Suspected BSE Case WARSAW (AP)--U.S. Agriculture Secretary Mike Johanns said Monday that U.S. authorities are being "very transparent" about the recent suspected case of mad cow disease, and predicted it would have no impact on America's beef trade. STORIES OF INTEREST: Taiwan's BSPA Buys 60,000 MT Brazilian Soybeans In Tender SINGAPORE (Dow Jones)--Taiwan's Breakfast Soybean Procurement Association, or BSPA, has bought 60,000 metric tons of Brazil-origin soybeans from trading house Marubeni in a tender concluded Tuesday, an official at the association said. Ukraine's Grain Stocks Down 5% On Year At 9.77M Tons MOSCOW (Dow Jones)--Grain stocks in Ukraine on March 1 totaled 9.77 million metric tons, down 510,000 tons, or 5%, compared with the same date last year, according to the state statistics committee. South Korean Flour Mills Seek 23,500 MT Wheat - Trade SINGAPORE (Dow Jones)--South Korean flour mills are jointly seeking 23,500 metric tons of U.S.-origin wheat in a tender to be concluded Wednesday, a trader in Seoul said Tuesday. China Soybean Futures Settle Mostly Lower; Corn Down BEIJING (Dow Jones)--Soybean futures on China's Dalian Commodity Exchange settled mostly lower Tuesday on short selling, amid rising supply and a spread of H5N1 bird flu virus, analysts said. DJ USDA: EU-25 Soybean Crush Forecast To Decline In 2005-06 Expanding E.U.-25 rapeseed crush is forecast to result in a significant decline in the quantity of soybeans crushed in 2005/06, the U.S. Department of Agriculture said in its "Oilseeds: World Markets and Trade" report posted Monday on the Foreign Agricultural Service Web site. DJ USDA: Canada Grain Supplies Highest In Over A Decade Canadian grain supplies are at the highest level in over a decade as the result of bumper crops and large carrying stocks. Despite record feed use as well as higher exports, ending stocks are nevertheless expected to swell to the highest level in 12 years, the U.S. Department of Agriculture said in its "Grain: World Markets and Trade" report posted Monday on the Foreign Agricultural Service Web site. NGTC Seeks Clearer Reflection Of Index Fund In CFTC Report Chicago (Dow Jones)--In a letter to the Commodity Futures Trading Commission, the National Grain Trade Council on Monday asked the CFTC to immediately begin reporting index fund activity as either a subcategory of the commercial open interest component or as a new freestanding category in its commitments of traders reports, according to a NGTC press release. DJ H5N1 Found In Almost 200 Wild Birds In Germany BERLIN (AP)--The number of wild birds found infected with H5N1 bird flu in Germany is approaching 200, authorities said Monday, after the confirmation of several new cases. DJ USDA: Indonesia Now World's Largest Palm Oil Producer Palm oil production in Malaysia and Indonesia has been rising steadily for at least a decade, with production in Indonesia rising at a faster rate, the U.S. Department of Agriculture said in a world production report posted on the Foreign Agricultural Service Web site. Storms Continue To Wreak Havoc Across US Midwest SPRINGFIELD, Ill. (AP)--Storms continued to rake across the U.S. Midwest on Monday, battering a region that had already taken a beating from several deadly tornadoes during the weekend. Argentina's 2005-06 Corn Crop 11% Collected - Exchange BUENOS AIRES (Dow Jones)--Argentina's farmers had harvested about 11% of the 2005-06 corn crop by Saturday, the Buenos Aires Cereals Exchange reported Monday. THE MARKETS: CBOT Corn Review: Down On Recharged Soils, Wheat Price Drop CHICAGO (Dow Jones)--Corn futures on the Chicago Board of Trade ended lower Monday, starting the week on the defensive, as speculative sales, weakness in wheat and improved pre-planting soil conditions weighed on prices. CBOT Soy Review: Ends Lower On US Rains, Wheat, Funds CHICAGO (Dow Jones)--Chicago Board of Trade soybeans ended lower Monday on light speculative sales, losses in U.S. wheat futures on forecasts for U.S. Southern Plains rains later this week and prospects for improved U.S. spring soy planting conditions after recent rains, brokers said. CBOT Wheat Review: Down On Forecast, Technical Selling, Rain CHICAGO (Dow Jones)--U.S. wheat futures settled sharply lower Monday as forecasts predicting the potential for moisture in the U.S. Central Plains this weekend, technical selling and rainfall overnight in parts of the U.S. soft red winter wheat growing region kept futures on the defensive, sources said. Cash Grain Review:Prices Plummet On Weak Basis, Futures CENTRAL CITY, Neb. (Dow Jones)--U.S. cash grain prices deteriorated rapidly Monday, hit by bearish export basis and faltering futures. -By Sumera Dean, Dow Jones Newswires; 4420-7842-9259; [email protected]; [email protected] (END) Dow Jones Newswires 03-14-06 0712ET |