CBOT corn edges up on technical buying ahead of holiday

CHICAGO, March 24 (Reuters) - Chicago Board of Trade corn
futures <0#C:> gained slightly on Thursday, lifted by light
technical buying ahead of the markets closure for a bank holiday
on Friday, traders said.
* Corn on a continuous chart rose about 0.75 percent
for the week, good for their third straight weekly gain.
* The gains came despite weekly U.S. corn export sales
coming in below the low end of analyst expectations.

CBOT soybeans close higher on soymeal strength

CHICAGO, March 24 (Reuters) - Chicago Board of Trade soybean
futures firmed on Thursday, led higher by a rally in the soymeal
market that stemmed from signs of better-than-expected export
demand for U.S. supplies.
* The most actively traded soymeal futures contract
jumped 4.3 percent to its highest since Jan. 13, turning higher
after the U.S. Agriculture Department issued a report showing
weekly export sales were the biggest since July 2014.
* USDA said old-crop soymeal export sales totaled 468,710

European feeds-Soymeal little changed due to lack of leads

ROTTERDAM, March 24 (Reuters) - Soymeal prices on the
European meals and feeds market were little changed for a second
day in a row on Thursday due to a lack of leads and slow demand
ahead of the long Easter weekend.

Markets will be closed on Good Friday and Easter Monday.
Trade resumes on Tuesday March 29.

"Both buyers and sellers showed little enthusiasm to make a
market ahead of Easter. Fundamentally nothing changed and there
was little fresh news to alter that," one broker said.

FACTBOX-Rising industry forecasts of world sugar supply deficit

March 24 (Reuters) - Platts Kingsman on Thursday became the
latest sugar industry expert to hike its forecast for an
anticipated global supply deficit of the sweetener in the
current 2015-16 crop year.
The data provider raised its forecast for the deficit to
7.62 million, up by 2.76 million tonnes from a January
projection. This comes amid of wave of upward revisions over the
last two weeks.
The increase puts the much-watched analyst above the median
of 14 forecasts compiled by Reuters of a six-million-tonne

Stripped-down synthetic organism sheds light on nature of life

By Will Dunham

WASHINGTON, March 24 (Reuters) - Scientists on Thursday
announced the creation of a synthetic organism stripped down to
the bare essentials with the fewest genes needed to survive and
multiply, a feat at the microscopic level that may provide big
insights on the very nature of life.

Genome research pioneer J. Craig Venter called the bacterial
cell his research team designed and constructed the "most simple
of all organisms." While the human genome possesses more than
20,000 genes, the new organism gets by with only 473.

European vegoils-Palm oil eases on continued technical selling

ROTTERDAM, March 24 (Reuters) - Palm oil on the European
vegetable oils market continued to ease on Thursday on
follow-through technical selling ahead of the long Easter
weekend.

Markets will be closed on Good Friday and Easter Monday.
Trade resumes on Tuesday March 29.

"There was a bit dog-chasing-its-tail with Malaysian palm
oil futures following a lower Chicago, which in its turn tracked
weaker palm oil the day before," one broker said.

EU wheat rises to one-week high on potential Egypt sale

LONDON, March 24 (Reuters) - European wheat prices rose to a
one-week high on Thursday, buoyed partly by expectations that
Egypt would buy a cargo of French wheat in its latest tender and
a downward revision of the estimate for Russia's wheat crop.

May milling wheat was up by 1.50 euros, or 1
percent, at 156.50 euros a tonne by 1726 GMT.

Traders were still awaiting results of Egypt's wheat tender,
expected later in the day, in which a cargo of French wheat was
offered at the most competitive price.

UPDATE 1-Egypt buys 60,000 tonnes of French wheat

(Adds detailed price, link to offers)

ABU DHABI, March 24 (Reuters) - Egypt's state grain buyer,
the General Authority for Supply Commodities (GASC), said on
Thursday it had bought 60,000 tonnes of French wheat in a
tender.

The wheat was purchased at $189.20 a tonne cost and freight,
GASC vice chairman Mamdouh Abdel Fattah said.

Egypt buys 60,000 tonnes French wheat

ABU DHABI, March 24 (Reuters) - Egypt's state grain buyer,
the General Authority for Supply Commodities (GASC), said on
Thursday it bought 60,000 tonnes of French wheat in a tender.

The wheat was purchased at $189.20 a tonne cost and freight,
GASC vice chairman Mamdouh Abdel Fattah said.

(Reporting By Maha El Dahan. Editing by Jane Merriman)

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