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Ag markets moved almost universally higher Thursday

Corn futures backed away from early Thursday highs. Surging equity markets reflect renewed optimism about the global economic & political outlook, which in turn seems bullish for grain demand prospects. Corn futures rallied significantly in early morning action, but slumped in the wake of the mediocre result on the weekly USDA Export Sales report. March corn futures close 2.75 cents higher at $4.11/bushel Thursday, while July added 3.0 to $4.2625.

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Russia curbs grain exports to all but a few countries

Russia, one of the world's main wheat exporters, has cut grain exports to all but a few countries after imposing tougher quality checks, an exporters' lobby group said on Wednesday.

The Agriculture Ministry had said on Tuesday it would avoid such curbs even though exports are at record levels following the rouble's slide against the dollar.

 Russia's Veterinary and Phytosanitary Surveillance Service (VPSS) said it had started to pay "special attention" to the quality of grain sent for export.

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Commodity markets moved mostly higher Thursday morning

Corn futures backed away from early highs. Surging equity markets reflect renewed optimism about the global economic & political outlook, which in turn seems bullish for grain demand prospects. Corn futures rallied significantly in early morning action, but have slumped a bit in the wake of the mediocre result on the weekly USDA Export Sales report. March corn futures rose 2.5 cents at $4.1075/bushel late Thursday morning, while July added 2.5 to $4.2575.

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DuSolo signs purchase agreement for natural fertilizer facility

DuSolo Fertilizers Inc., (DSF) announced that it has entered into an agreement whereby DuSolo will acquire 100% ownership in the Direct Application Natural Fertilizer ("DANF") facility currently under lease and in operation at the Bomfim Project.

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