date:Aug 17, 2012
el a rebound in prices. Strategie grains, a French analyst group, on Thursday reduced its estimate of Russia's 2012-13 wheat exports by 4 million metric tons.
Analysts say the Russian news is rehashing hope that U.S. demand could improve once inventories of wheat from the Black Sea area are depleted.
Separately, corn futures ended higher, supported on ongoing concern about U.S. production after a historic drought gripped the U.S. Farm Belt and the need to keep prices at levels that will ration d