LONDON (Dow Jones)--Grain futures traded on the overnight e-CBOT were mixed at 1200 GMT Monday.
Last Change High Low Volume
Mar Corn $4.42 3/4 -0 3/44.43 4.40 1/4 2604
Mar Wheat $9.41 1/2 -7 1/29.47 9.35 1811
Jan Soybeans$11.76 3/4-0 3/4 11.84 11.70 3859
Jan Soymeal $329.5 +1.3 331.0 326.0 625
Jan Soyoil 47.16c +0.0147.30 47.08 1097
TOP STORIES:
China Ag Ministry: '07 Grain Output Exceeds 500 Million Tons
BEIJING (Dow Jones)--China's grain output exceeded 500 million metric tons this year, marking the fourth year of growth in a row, the Ministry of Agriculture said Monday.
China Nov Wheat Imports At 4,103 Tons, Down 86% On Year
BEIJING (Dow Jones)--China's wheat imports in November fell 86% on year to 4,103 metric tons, the General Administration of Customs said Monday.
India State Trading Corp Wheat Tender Canceled -Official
NEW DELHI (Dow Jones)--The latest tender from India's State Trading Corporation to import wheat on behalf of the government has been canceled, a senior government official said Monday.
China Plans To Sell 500,000 Tons Corn From State Reserves Tue
BEIJING (Dow Jones)--China plans to sell 500,000 metric tons of corn from state reserves Tuesday to stabilize market prices, the National Grain & Oil Trade Center said Monday.
Egypt GASC Cancels Tender For 55,000-60,000 Tons Wheat
CAIRO (Dow Jones)--Egypt's state-owned General Authority for Supply Commodities canceled a tender Saturday to buy at least 55,000 to 60,000 metric tons of wheat for shipment Jan. 21-31, on a free-on-board basis.
TOP STORIES:
STORIES OF INTEREST:
Russia Commissions 4M tons/Yr Grain Terminal At Novorossiisk
MOSCOW (Dow Jones)-The port authority of the Russian Black Sea port of Novorossiisk announced Monday it had commissioned a new 4 million metric ton a year grain terminal to handle export grain harvested in Russia's southern regions.
Australia's AWB Cuts Estimated Returns On Wheat Export Sales
SYDNEY (Dow Jones)--Australian wheat exporter AWB Ltd. (AWB.AU) Monday cut its estimate of pool returns for the crop to be harvested by about year-end, citing slightly lower prices on the Chicago wheat market.
OUTLOOK 08: Volatile Soy Market Anticipated; Eye On Demand
CHICAGO (Dow Jones)--Demand will drive soybean prices in 2008, with volatility to be a hallmark of trading.
=New US Energy Law To Support Corn, Soybean Prices Long Term
CHICAGO (Dow Jones)--The expansion of the renewable fuel standard in the new U.S. energy bill raises the bar for biofuel production as well as increasing the longer-term demand for corn and soyoil.
THE MARKETS:
CBOT Corn Review: Rallies To New Highs On Spec Buying
CHICAGO (Dow Jones)--Chicago Board of Trade corn futures ended moderately higher Friday but down from new life-of-contract highs set earlier in most months.
CBOT Soy Review: Rallies; New Highs On Fundamentals, Technicals
CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures rallied Friday, setting new contract highs as supportive underlying fundamentals and technical strength kept bullish traders enthused, analysts said.
US Wheat Review: Mixed; Corrects Old/New Crop Spreads
CHICAGO (Dow Jones)--U.S. wheat futures ended mixed, with nearby contracts succumbing to follow-through selling, while bullish longer-term fundamentals supported deferred month contracts.
US Cash Grain Review: Record Highs In Spring Wheat
CENTRAL CITY, Neb. (Dow Jones)--Wide variability in wheat markets highlighted U.S. cash grain trade this week, with spring wheat prices setting new all-time highs, even though winter wheat lost about 3% of its intrinsic value. Farm gate corn, oats and soybean prices all appreciated by about 2-3%.
Source: Pierre Cooper, Dow Jones Newswires; 4420-7842-9344; pierre.cooper@dowjones.com