Before the CBOT opening - News & Headlines recap

This is a recap of the main news on Grains and main Agricultural commodities markets for the overnight/London session

European Market

EU forecasts 2012/2013 Barley crop at 55.4MMT (versus 53.1MMT previously).

EU forecasts 2012/2013 Soft Wheat crop at 126.5MMT (versus 128.5MMT previously).

Black Sea Market

Kazakh grain exports reached 10.6 million tons as of May 24 - record. 

Interfax: Ukraine grain stockpiles may be 12 million tons as of July.

Asian Market

Bangladesh to import 50,000 tons of wheat via tender. Deadline is June 11.

Tokyo grain bourse to transfer futures trading to Kansai Exchange