Grain futures traded on the overnight e-CBOT were higher as of 1115 GMT Monday.
Last Change High Low Volume
Dec Corn $3.49 +11/2 3.53 3/4 3.46 1/2 72799
Sep Wheat $8.43 1/2+19 1/2 8.48 8.16 9708
Nov Soybeans $9.12 1/4+7 9.15 1/4 9.04 1/4 52450
Dec Soymeal $255.3 +0.9 257.3 254.4 11584
Dec Soyoil 38.21c +0.30 38.32 37.87 14830
TOP STORIES:
USDA Attache: Variable Weather Hurts Syria Wheat Production
Syria's wheat crop was affected by a rain shortage in the spring of 2007, followed by heavy rains in May, which affected the quantity as well as the quality of the crop, according to a U.S. Department of Agriculture attache report posted Friday on the Foreign Agricultural Services Web site.
India Summer Oilseeds Output Likely 15.15M Tons Vs 13.10M
MUMBAI (Dow Jones)--India is expected to produce around 15.15 million metric tons of oilseeds during the summer planting season, up around 15% from a year earlier, the Central Organization of Oil Industry and Trade said in its first advanced estimates released Monday.
UPDATE: China Think Tank Cuts '07 Soybean Forecast,Corn Unch
BEIJING (Dow Jones)--The China National Grain and Oils Information Center has cut its 2007 soybean output forecast to 14.4 million metric tons because of a drought in northeast China, according to its monthly report issued Monday.
=2nd UPDATE: Australia 2007 Wheat Crop Estimated 15M-19M Tons
CANBERRA (Dow Jones)--Production from Australia's wheat crop to be harvested in October through December could reach 15 million to 19 million metric tons, according to an estimate issued Monday by Rabobank Australia Ltd.
STORIES OF INTEREST:
Mexico Cash Grains: Slow Trade As Market Speculation Heats Up
MEXICO CITY (Dow Jones)--Physical trading came close to a halt this week in all Mexican cash grain markets as speculation in both prices from imported U.S. grains and local Mexican produce continued to rise, traders and importers said Friday.
Malaysia 2007 Commodity Exports Set To Surpass MYR80B -Report
KUALA LUMPUR (Dow Jones)--Malaysia's commodity exports this year are set to surpass MYR80 billion ($23 billion),a record high for the sixth straight year, The New Straits Times reported Monday, quoting Plantation Industries and Commodities Minister Peter Chin Fah Kui.
Egypt Genl Silos Buys 30,000 Tons Russian Wheat From Aston
CAIRO (Dow Jones)--Egypt's General Silos and Storage Co. bought 30,000 metric tons of Russian wheat from Aston, on a cost and freight basis, traders said Monday.
Jordan To Buy 50,000 Tons Syrian Wheat - Official
CAIRO (Dow Jones)--Jordan's Ministry of Trade and Industry said Monday it agreed to buy 50,000 metric tons of Syrian wheat, on a free on trucks basis.
Jordan Buys 150,000 Tons Feed Barley - Official
CAIRO (Dow Jones)--Jordan's Ministry of Trade and Industry said Monday it bought 150,000 metric tons of feed barley in a tender that closed Sept. 5.
MARKETS
CBOT Corn Review: Higher On Fund Buying; Weak Dollar
CHICAGO (Dow Jones)--Chicago Board of Trade corn futures finished higher Friday, boosted by fund buying, short covering ahead of the weekend and a weaker U.S. dollar, analysts said.
CBOT Soy Review: Up; Rallies On Outside Market Support
CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures ended higher Friday, leaping to double-digit gains on speculative-led buying.
US Wheat Review: Rallies Late To Ration Demand
CHICAGO (Dow Jones)--U.S. wheat futures finished mixed Friday after some contracts rallied hard late in the session as part of an ongoing attempt to ration demand, analysts said.
Source: Dow Jones Newswires; +44-20-7842-9376