GRAINS-Corn edges lower after 3 pct gain on China demand

SYDNEY, May 23 (Reuters) - U.S. corn fell on Thursday as traders banked profits after the grain surged nearly 3 percent in the previous session on news of strong demand from China. FUNDAMENTALS * Chicago Board Of Trade July corn fell 0.38 percent to $6.56 a bushel, having gained 2.89 percent in the previous session.



CWB issues final annual report from single-desk era

Ownership of the board's assets is still disputed

Cereals sold through the Canadian Wheat Board last year fetched prices ranging from $7.48 to $15.30 a tonne more than U.S. prices, the board’s final annual report under the single-desk era shows. The Canadian Wheat Board earned $7.2 billion in revenue, distributing $4.85 billion to farmers — the third highest for both on record —