TOP STORIES: Brazil's Safras Trims 2012-2013 Soy Estimate to 82.3M Tons
SAO PAULO--Brazilian farmers produced 82.3 million metric tons of soy beans in the 2012-2013 growing season, according to the Safras & Mercado consultancy, slightly less than in their previous estimate
STORIES OF INTEREST: U.S. Cash Corn Basis Softer on Improved Planting Pace
CHICAGO-U.S. cash corn basis levels are softer at some grain terminals across the Midwest Tuesday, as improved planting progress eases buyers' supply worries.
Russia Sells 39,196 Tons Intervention Grain at May 21 Tender
MOSCOW--The Russian government sold 39,196 metric tons of grain at an intervention tender held May 21, official data showed. The following amounts of grain have been sold to date since intervention tenders began Oct. 23:
Commodities Market Impact Weather: Showers to Cross Midwest
OMAHA (Dow Jones)--Showers crossing the Midwest, brief cooling in the southwestern Plains, scattered showers in the Delta, continued showers in the Northern Plains, a mixed outlook in the Canadian Prairies, additional dryness in central Brazil, a very warm week ahead in Ukraine and Russia, showers moving through Australia wheat areas, a continued favorable trend for northeast China, and a hotter trend in the North China Plain are the main weather items for the commodity trade's attention Tuesday.
MARKETS UPDATE: U.S. Corn Falls on Planting Progress Surge
CHICAGO--U.S. corn futures fell 1.5% to a four-week low Tuesday, after a surge in corn plantings last week eased concerns that planting delays this spring could reduce the new crop's output.
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