TOP STORIES:

Western Canadian Winter Wheat Looking Better Than Ever

WINNIPEG--Early planting last fall and beneficial weather throughout the winter and spring are helping the winter wheat crop's development in western Canada. Producers are experiencing an early crop that saw very little winterkill, no disease and which meets Statistics Canada benchmarks for yield and acreage, according to an industry official.

Ontario Winter-Wheat Harvest to Begin Earlier Than Usual

WINNIPEG--The harvest of Ontario's winter-wheat crop will begin a bit sooner than normal since the crop broke dormancy earlier than usual this spring and weather conditions have been generally favorable, according to an official with the Ontario provincial government.

STORIES OF INTEREST:

CME Group Extends Grains Floor Trade Hours Starting June 25

CHICAGO--CME Group Inc. (CME) will expand its open-outcry trading hours until 3 p.m. ET starting June 25, an extension of 45 minutes, the exchange announced Friday.

CFTC AGRICULTURE: Managed Funds Take Short Position in CBOT Wheat

CHICAGO (Dow Jones) - Money managers now hold net short positions in Chicago

Board of Trade wheat futures, government data showed Friday, as investors cut long positions as global crop worries ease.

USDA Says 410,000 Tons of Soybeans Sold for Delivery to China

WASHINGTON--Private exporters reported to the U.S. Department of Agriculture the following activity: Export sales of 410,000 metric tons of soybeans for delivery to China.

USDA Says 120,000 Tons of Soybeans Sold to Egypt in 2011-12

WASHINGTON --Private exporters reported to the U.S. Department of

Agriculture the following activity: Export sales of 120,000 metric tons of soybeans to Egypt during the 2011/2012 marketing year.

MARKETS

U.S. GRAIN AND SOY REVIEW: Corn Futures Rise on Dry Weather

CHICAGO--U.S. corn futures closed higher Friday, as traders worried that dry weather in the corn belt could hinder crop development there, shrinking the harvest this fall.

-Write to Andrew Johnson Jr at Andrew.johnsonjr@dowjones.com