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DJ GRAIN UPDATE: e-CBOT Lower Overnight(Comtex Business Via Thomson Dialog NewsEdge)CANBERRA, Apr 21, 2006 (Dow Jones Commodities News via Comtex) --(Dow Jones)--Grain futures traded on the overnight e-CBOT were lower at 1101 GMT Friday. Last Change High Low Volume Jly Corn $2.46 1/4 -1 1/4 2.47 1/4 2.46 1239 Jly Wheat $3.63 -3 1/2 3.66 3/4 3.62 3/4 687 Jly Soybeans $5.81 1/2 -3 3/4 5.84 5.80 1/2 1264 Jly Soymeal $172.80 unch 172.80 171.60 206 Jly Soyoil 24.39c -0.13 24.52 24.36 561 TOP STORIES: High Wheat Prices Could Help New Australian Crop Australian wheat farmers haven't yet begun to plant new crops in earnest, but already bumper production of possibly even more than 24 million metric tons is being forecast by participants and pundits alike. US Demands Would Devastate EU Agriculture - Mandelson BRUSSELS (Dow Jones)--European Union Trade Commissioner Peter Mandelson called Friday for more realism from the U.S. in its demands for agricultural market access in global trade talks. Seeding Of Ontario's Corn Crop Begins, Govt Says WINNIPEG (Dow Jones)--The planting of Ontario's corn crop has begun in select regions, according to the first crop update released by the provincial government Thursday. Commodities Market Impact Weather: Mixed Outlook For Midwest OMAHA (Dow Jones)--The prospect of light rainfall in the Southern Plains wheat areas, a mixed outlook for Midwest field work during the next week, scattered rain showers in the main corn districts of China, and only minimal delays in the soybean harvest in South America are the main weather items for the commodity trade's attention Thursday. Argentina Sees 05-06 Soybean Output At 40 Mln Tons BUENOS AIRES (Dow Jones)--Argentine farmers will harvest a record 40 million metric tons of 2005-06 soybeans, more than the 39.5 million tons expected a month ago, the Agriculture Secretariat said Thursday in its monthly crop report. Canada Sees Only Minor Shifts In 2006 Seeding Intentions WINNIPEG (Dow Jones)--Canada is expected to see only minor shifts in the area planted to its grain and oilseed crops in 2006, according to sources. Statistics Canada releases its first acreage estimates of the year on April 25. Market sources generally anticipate a slight decrease in canola acres, while wheat and oats could see a small increase in planting interest. STORIES OF INTEREST: Australian Rainfall May-July Likely Avg-Weather Bureau CANBERRA (Dow Jones)--Australia's main agricultural areas will likely receive average rainfall for May through July - the key planting period for winter crops, including wheat - the government's Bureau of Meteorology reported Friday in a monthly review of the three-month outlook. Australia's AWB: Polson To Step Down As Acting CEO SYDNEY (Dow Jones)--Australia's monopoly wheat exporter AWB Ltd. (AWB.AU) said Friday that Peter Polson has stepped down from his role as acting chief executive officer but will remain a director. USDA Attache: Serbia Floods Threaten Agriculture Season Recent flooding of Serbian rivers could have a devastating impact on the agriculture sector, according to a U.S. Department of Agriculture attache report posted Thursday on the Foreign Agricultural Services Web site. China Soybean Futures Settle Lower Amid Weak Sentiment BEIJING (Dow Jones)--Soybean futures on China's Dalian Commodity Exchange settled lower Friday on overnight losses in Chicago Board of Trade soybean futures, said analysts. China Soybean Prices Continue To Fall; Recovery Seen June BEIJING (Dow Jones)--Soybean prices in China's major producing regions continued to fall this week, as crushers kept cutting their buying prices in order to improve their balance sheets, analysts said. EU Grants 121,260 Tons Intervention Wheat Export Licenses LONDON (Dow Jones)--The European Union Thursday granted licenses to export 121,260 metric tons of wheat, 7,451 tons of barley and 46,397 tons from intervention stores, E.U. figures show. EU Grants 105,000 Tons Free-Market Wheat At EUR5.00/Ton LONDON (Dow Jones)--The European Union grain management committee Thursday granted 105,000 metric tons of subsidized wheat and 27,600 tons of barley from the free-market in its weekly tender Thursday, E.U. figures show. Argentine Senate Oks Bio-Fuels Initiative; Heads To Pres BUENOS AIRES (Dow Jones)--The Argentine Senate has approved a measure that aims to create incentives for a bio-fuels industry that would tap the nation's vast corn and oilseed production to make bio-diesel and ethanol. Climate Changes In US Significant, Not Extreme: Study- WP NEW YORK (Dow Jones)--Earth will experience significant climate change in the coming century as a result of greenhouse gas buildups, but the more extreme estimates of global warming generated by some studies are unlikely to occur, the Washington Post reported on its Web site edition Thursday, citing newly published research. Turkey Receives Bids To Export 275,000 Tons Grain - IHA ANKARA (Dow Jones)--The Turkish Grain Board, or TMO, said Thursday it has received bids from eight companies in a tender held to export up to 50,000 metric tons of durum wheat, 150,000 tons of red milling wheat and 75,000 tons of white feed barley, IHA news agency reports. S Africa 05-06 Corn Estimate Cut To 5.92M Tons-Crop Body JOHANNESBURG (Dow Jones)--South Africa's National Crop Estimates Committee Thursday cut its estimate of the country's 2005-06 corn production to 5.92 million tons from 6.06 million tons in March. India Gov't Apr 1-19 Wheat Purchases Dn 2.0 Mln Tons On Yr NEW DELHI (Dow Jones)--The Indian federal government's wheat purchases from farmers April 1-19 were 6.2 million metric tons, down from 8.2 million tons a year earlier, latest government data showed Thursday. THE MARKETS: CBOT Corn Review: Ends LowerOn Outside-Market Influence CHICAGO (Dow Jones)--Chicago Board of Trade corn futures settled lower Thursday, unable to recover from steep losses in outside markets early in the session, floor sources said. CBOT Soy Review: Beans Down On Funds, Bearish Fundamentals Soybean futures fell moderately Thursday on fund selling combined with the bearish fundamentals of favorable Midwestern spring weather and weak export sales, sources said. CBOT Wheat Review: Ends Mixed; US Hard Wheat Weather Key CHICAGO (Dow Jones)--U.S. wheat futures ended mixed Thursday, underpinned by gains in Minneapolis Grain Exchange spring wheat futures amid a supportive supply/demand picture and building concerns about planting delays due to wet Northern Plains weather, brokers said. Cash Grain Review: Choppy Prices, Movement, Exports CENTRAL CITY, Neb. (Dow Jones)--Choppy trends affected U.S. cash grain markets Thursday. -By Sumera Dean, Dow Jones Newswires; 4420-7842-9259; [email protected]; [email protected] (END) Dow Jones Newswires 04-21-06 0704ET |