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DJ GRAIN UPDATE:Missouri Harvest Rolls Along At Quick Pace(Comtex Finance Via Thomson Dialog NewsEdge) TOP STORIES: Missouri Harvest Rolling Along At Quick Pace CHICAGO, Sep 14, 2006 (Dow Jones Commodities News via Comtex) --Missouri's corn harvest is ahead of normal, with production better than expected after hot and dry weather earlier in the growing season, according to the U.S. Department of Agriculture's National Agricultural Statistics Service and other industry sources. Argentina House Alters Flour VAT; Wheat Exporters Worried BUENOS AIRES (Dow Jones)--Argentina's House of Representatives voted late Wednesday to decrease the value added tax, or VAT, on wheat flour from 21% to 10.5%, and impose a 10.5% VAT on bread. Bread currently carries no VAT, while wheat sales carry a 10.5% VAT. Indian States Forecast Crop Losses On Erratic Rains NEW DELHI (Dow Jones)--Output of India's several summer-sown crops including foodgrains and oilseeds seems to have taken a beating due to deficient rains and floods across the country in the last 14 weeks, federal and state government officials said Thursday. STORIES OF INTEREST: Soybean Rust Hits N. Carolina; New Finds In Texas, Georgia CENTRAL CITY, Neb. (Dow Jones)--Asian soybean rust has been found in North Carolina for the first time this year, reported early Thursday by state disease management officials on the U.S. Department of Agriculture's public rust Web site. Europe Cash Wheat: Cash Dn; Futures Dn On Renewed Selling LONDON (Dow Jones)--French cash wheat prices were lower again Thursday and futures continued to correct down amid low volumes and renewed selling interest. Commodities Market Impact Weather; Warm And Dry Late Week OMAHA (DTN)--Warm and dry conditions across the central U.S. to finish out this week, a sharp change to showers and cool to cold weather during next week, and a notable effect on weather trends in the southern hemisphere from a developing El Nino in the Pacific Ocean are the main weather items for the commodity trade's attention Thursday. USDA's CCC Buys 30,000 MT Soybean Meal For Yemen CHICAGO (Dow Jones)--The U.S. Department of Agriculture's Commodity Credit Corporation said late Wednesday it purchased 30,000 metric tons of U.S. soybean meal for Yemen. Bunge North America sold 15,000 metric tons at $201.89 per ton, 7,500 metric tons at $200.78 per ton, and 7,500 metric tons at $200.31 per ton. EU Intervention Resale Tender: 132,728 Tons Corn Granted LONDON (Dow Jones)--A total 132,728 metric tons of corn was granted at Thursday's European Union intervention resale tender, E.U. figures show. EU Rejects All Bids At Free Market Wheat Tender LONDON (Dow Jones)--The European Union grain management committee rejected all subsidized free-market wheat bids in its weekly tender Thursday, E.U. figures show. THE MARKETS: CBOT Corn Review: Slightly Lower In Dull Trade CHICAGO (Dow Jones)--Chicago Board of Trade corn futures ended with thin losses Thursday, as the market was unable to generate any momentum in either direction and remained in its recent role following other markets, sources said. CBOT Soy Review:Ends Up; Extending Recovery From Lows CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures ended higher Thursday, extending their modest recovery from prior lows. US Wheat Review: Declines On Fund Sales, Technicals U.S. wheat futures continued their decline and fell Thursday on a weak technical picture that inspired speculative-led selling and took prices through sell stops, sources said. -By Andrew Johnson Jr.; Dow Jones Newswires; 312-347-4604; [email protected] (END) Dow Jones Newswires 09-14-06 1544ET Copyright (c) 2006 Dow Jones & Company, Inc. |