23 Nov 2011KUALA LUMPUR, Nov 23 (Reuters) - U.S. grains futures fell on Wednesday after a preliminary survey showed China's manufacturing dropped to its lowest in almost three years, stirring concern that Europe's sovereign debt crisis is crimping global economic growth.
The HSBC flash manufacturing purchasing managers' index (PMI), the earliest indicator of China's industrial activity, slumped in November to 48, the lowest since March 2009. A reading below 50 indicates contraction.
http://www.sharenet.co.za/news/Corn_wheat_steady_as_crudes_gain_offsets_euro_zone_worries/098775c92ca722051f3ae4054c4f18de
