The value of Australia's agricultural exports in the next fiscal year will fall 1.1% to AS$35.1 billion (US$37.7 billion), with production supported by favorable seasonal conditions, the Australian Bureau of Agricultural Resource Economics and Sciences said Tuesday.

 
   STORIES OF INTEREST: 
 
Australian Authorities Extend Evacuation Orders Due To Floods

CANBERRA (Dow Jones)--Authorities in New South Wales state have extended flood evacuation orders to a further 8,000 people in Wagga Wagga, one of Australia's largest inland towns, bringing the total number of people affected by the orders to 12,900, the State Emergency Service said Tuesday.

CME Group To Use Electronic Trade In June Corn, Soy Settlements

CHICAGO (Dow Jones)--CME Group Inc. (CME) said Monday it will start incorporating electronic trades into settlement procedures for corn and soybean futures in June, a couple months later than first planned.

UPDATE: CHINA NPC: Cofco Chairman: China Corn Supply Sufficient In 2012

BEIJING (Dow Jones)--China's corn supply is sufficient this year thanks to a record harvest in 2011, Ning Gaoning, chairman of state-owned grain trader Cofco Group, said Monday.

 
   THE MARKETS: 
 
US GRAIN AND SOY REVIEW: Soybeans End Rally, Corn Rises

CHICAGO (Dow Jones)--A two-week rally in U.S. soybean futures ended Monday as traders decided to book profits amid concerns over the strength of Chinese demand.

US LIVESTOCK REVIEW: Cattle, Hogs Down Sharply On China, Meat Prices

CHICAGO (Dow Jones)--U.S. livestock futures faced deep losses on Monday due to signs of slower growth in foreign markets and concerns that seasonal demand patterns could force cash markets lower.

-By Owen Fletcher, Dow Jones Newswires; 312-750-4120; owen.fletcher@dowjones.com

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