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GRAIN HIGHLIGHTS: Pakistan Seeks To Import Wheat, China Corn

01/02/2008 07:32AM

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LONDON (Dow Jones)--Grain futures traded on the overnight e-CBOT were higher as of 1200 GMT Wednesday.

               Last       Change   High      Low       Volume

Mar Corn      $4.61 1/2   +6       4.62     4.56       5877

Mar Wheat     $8.99       +14      9.05 3/4 8.88 1/4   3564

Jan Soybeans$11.21 1/4+22 1/4 12.28 1/4 12.06 1/47673

Jan Soymeal   $338.7      +7.2    338.7    328.2       5699

Jan Soyoil    49.20c      +0.35   49.20    49.10       5914

TOP STORIES:

India Wheat Output On Track To Meet 08-09 Target - Official

NEW DELHI (Dow Jones)--India's wheat sowing is progressing well and the country is on track to reach a government-set production target of more than 75 million metric tons in the marketing year that starts April, a senior government official said Wednesday.

China Sells 34,396 Tons Of Corn From Reserves; 7% Of Target

BEIJING (Dow Jones)--China sold 34,396 tons of corn from state reserves Wednesday, or 7% of the 500,000 tons it planned to sell.

Jordan Tenders To Buy 50,000 Tons Of Barley - Official

CAIRO (Dow Jones)--Jordan's Ministry of Trade and Industry said Wednesday it is tendering to buy 50,000 metric tons of feed barley of any origin on a cost and freight basis.

Pakistan Seeking 610,000 Tons Of Imported Wheat In Tender

SINGAPORE (Dow Jones)--State-run Trading Corp. of Pakistan is seeking 610,000 metric tons of wheat in two separate tenders, bids for both of which will be accepted until Jan. 12.

Pakistan To Import 500,000 Tons Of Additional Wheat- Min

ISLAMABAD (Dow Jones)--Pakistan will import an additional 500,000 metric tons of wheat to cover higher domestic demand and a local shortage, Food and Agriculture Minister Prince Muhammad Isa Jan Baloch said Tuesday.

STORIES OF INTEREST:

India Lifts Import Duty On Wheat Flour -Govt Official

NEW DELHI (Dow Jones)--India's federal government has lifted the import duty on wheat flour, a senior government official said Tuesday.

India Cos Export 6,000 Tons Corn To Vietnam At $267/Ton-Exec

NEW DELHI (Dow Jones)--Two Indian companies have entered into contracts to export about 6,000 metric tons of corn to Vietnam in the last few days, a senior industry official said Tuesday.

Egypt's FIHC Tenders To Buy 46,000 Tons Wheat - Traders

CAIRO (Dow Jones)--Egypt's state-owned Food Industries Holding Co. is tendering Wednesday to buy 46,000 metric tons of wheat, traders said Tuesday.

China Sets Export Quotas On Some Grain Flour From Jan 1

BEIJING (Dow Jones)--China has set export quotas on some grain flour made from wheat, corn and rice starting Jan. 1, the Ministry of Commerce said Tuesday.

Source: Gary Adams, Dow Jones Newswires; 4420-7842-9478; gary.adams@dowjones.com

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