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Corn, winter wheat drag grains lower, as US supply hopes top expectations
Spring wheat and soybeans eventually falter too, despite emerging less negatively from the USDA’s benchmark Wasde report on world crop supplies Source: Agri Oils Updates
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Monsanto again lifts profits hopes, as soy seed sales surge
Shares in the seed giant, facing a $66bn takeover by Bayer, hit a 2-year high after it unveils boosts to profits from soy and weedkillers Source: Agri Oils Updates
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Hedge funds wrong-footed, again, by downbeat grain bets
Hedge funds ramped up bearish bets on corn and soy ahead of gains in futures – which will likely foster short-covering, and further price rises Source: Agri Oils Updates
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Grain prices rise at quickest in 3 years – despite 'abundant' supplies
The UN, while cuttings hopes for the world wheat harvest, says supplies are “ample” nonetheless. Still, grain prices rise, as do dairy values Source: Agri Oils Updates
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Drought stokes fears of smallest Australian wheat crop in a decade
Traders in the southern hemisphere’s top wheat exporter are seeing “the possibility of a sub 20m-tonne” crop, with canola prospects dubious too Source: Agri Oils Updates
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Seed shortage, besides dryness, dents Australia canola prospects
The Australian Oilseeds Federation lowers the bar on hopes for Australia’s canola harvest, citing the use of farm seed as well as a lack of rain Source: Agri Oils Updates
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Rains boost hopes for German crops – wheat especially
Deutscher Raiffeisenverband flags the boost to crops from recent rains, although wheat has benefited more than the likes of barley and rapeseed Source: Agri Oils Updates
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Canadian spring wheat in much better health than US crop
… to judge by Saskatchewan, the top growing province, which has seen “much-needed rain”. But canola, durum are not faring so well Source: Agri Oils Updates
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Hedge funds, wrong-footed by grains rally, 'swallow losses'
Hedge funds’ surprising spring bearish spree on grain price falls appears to have led to losses. Still, many look in the money on sugar Source: Agri Oils Updates
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Abares adds sorghum to list of crops seeing production downgrade
… for 2017-18, with the bureau citing competition with cotton for land. Among wine crops, Abares makes a deep cut to canola export hopes Source: Agri Oils Updates
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