TOP STORIES: 2nd UPDATE: ADM 3Q Net Down 31% On Ethanol, European Oilseeds Archer Daniels Midland Co.'s (ADM) fiscal third-quarter earnings fell 31% amid an ethanol supply glut and weak European oilseed processing results, but shares jumped as the results beat expectations and the company reported bigger-than-expected savings from recent job cuts. Kansas Wheat Tour: Good Moisture, Yield Outlook Near Nebraska Border LEBANON, Kan. -(Dow Jones)- Crop scouts on one northern leg of an annual Kansas wheat tour saw adequate moisture and good yield potential Tuesday. STORIES OF INTEREST: Commodities Market Impact Weather:Widespread Midwest Rain OMAHA (Dow Jones)--Widespread Midwest rainfall, additional rainfall in the Southern Plains, favorable moisture in the Northern Plains, possible showers in the Southeast, cooler conditions in Brazil, a dry week for harvest in Argentina, dryness remaining in Ukraine, timely rainfall in the former New Lands region and a favorable moisture pattern in China are the main weather items for the commodity trade's attention Tuesday. USDA Says 110,000 Tons Of HRW Wheat Sold To Saudi Arabia In 12-13 WASHINGTON, (Dow Jones)--Private exporters reported to the U.S. Department of Agriculture the following activity: Export sales of 110,000 metric tons of hard red winter wheat for delivery to Saudi Arabia during the 2012/2013 marketing year. USDA Says 110,000 Tons Of Soybeans Sold To China In 12-13 WASHINGTON, (Dow Jones)--Private exporters reported to the U.S. Department of Agriculture the following activity: Export sales of 110,000 metric tons of soybeans for delivery to China during the 2012/2013 marketing year. MARKETS US GRAIN AND SOY REVIEW: Corn Futures Slip On Swift Planting Pace CHICAGO (Dow Jones)--U.S. corn futures prices dipped Tuesday, as a swift planting pace raises hope for U.S. corn inventories to double in the next year. -By Andrew Johnson Jr, Dow Jones Newswires; 312-347-4604; Andrew.johnsonjr@dowjones.com
