TOP STORIES:
Cropcast Projects US Corn Output Will Drop 4.3% From 2010
CHICAGO -(Dow Jones)- Cropcast Ag Services, a well-known agricultural weather firm, projected U.S. farmers will harvest 4.3% less corn than last year due to poor weather.
STORIES OF INTEREST:
UPDATE: Egypt's GASC Buys 300,000 Tons Russian, Kazakh Wheat
CAIRO (Dow Jones)--Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, Wednesday said it bought a total of 300,000 metric tons of Russian and Kazakh wheat for shipment Nov. 11-20.
CWB Funding Grain Research At University Of Saskatchewan
WINNIPEG (Dow Jones)--The Canadian Wheat Board is investing C$500,000 at the University of Saskatchewan into research on how to improve Canadian grain production.
StatsCan Appears To Underestimate Canada's Year Ago Canola Output
WINNIPEG (Dow Jones)--The grain and oilseed stocks in all positions report released Wednesday by Statistics Canada confirmed larger than expected supplies for canola and all wheat and suggests that the government agency may have underestimated the size of those crops during the 2010-11 August to July season, industry sources said.
MARKETS
US GRAIN AND SOY REVIEW: Wheat Prices Drop On Weak Demand
CHICAGO (Dow Jones)--U.S. wheat futures fell Wednesday as Egypt, typically the world's largest importer of the grain, made a large purchase from other countries.
US CASH GRAIN: Basis Slipping Ahead Of Harvest
CHICAGO (Dow Jones)--U.S. cash grain and soybean basis levels continue to erode, as grain buyers are comfortable awaiting supplies from the autumn harvest.
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