COMMODITY BRIEFS

COMMODITY BRIEFS

US-SOVIET GRAIN PACT

NOT LIKELY THIS WEEKU.S. and Soviet negotiators are not likely to complete work this week on a new long-term grain agreement, Agriculture Secretary Clayton Yeutter said Tuesday.

Aides from both nations resume talks today in Vienna to prepare a new five-year pact for signing. The current agreement, which expires in December, calls on the Soviet Union to buy at least 9 million metric tons of U.S. grain each year.

''It's unlikely that all elements of that package will be finalized in the immediate future," Mr. Yeutter told reporters following ceremonies for National Agriculture Day.

Although U.S. aides have said negotiations are nearly complete, some, including Deputy Trade Representative Julius Katz, have speculated the discussions will drag on through the spring.

NORWOOD INDEX ROSE

0.3 PERCENT IN FEBRUARY

CHICAGO - The 129 publicly offered commodity funds in the Norwood Index gained an average 0.3 percent in February, making the year-to-date increase 2.7 percent.

The value of 57 funds increased last month, while 69 lost value and the value of three was unchanged.

CUBAN SUGAR EXPORTS

RISE 6.1 PERCENT, LICHT SAYS

FRANKFURT, West Germany - Cuba's exports of raw and white sugar during the January-November period of 1989 totaled 6.88 million metric tons, up from

6.48 million in the same period of 1988, West German statistician F.O. Licht said Tuesday.

Quoting the latest International Sugar Organization data, Licht said Cuban exports to the Soviet Union during January-November reached 3.43 million metric tons, compared with 3.08 million in the same period of 1988.

However, exports to China fell to 762,682 metric tons from 1.30 million in the year-earlier period.