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Palm oil futures hit 10-month low, despite fall in Malaysian stocks
Malaysia’s palm oil stocks fall further than had been expected, depressed by a surge in exports. But is this demand sustainable? Source: Agri Oils Updates
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Australia lifts wheat hopes – but clamour for chickpeas curbs canola
Abares cuts hopes for Australian output of barley and canola, flagging soaring sowings of chickpeas, even at the expense of best ag practice Source: Agri Oils Updates
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Ag price forecasters upbeat over soy, sugar – but not wheat
… according to a survey by FocusEconomics, which also flags an upgrade to hopes for corn futures. But forecasters lose optimism over cocoa Source: Agri Oils Updates
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Hedge funds turn net short on softs for first time in two years
… provoking ideas, notably among sugar investors, of an easing in pressure on prices. Bullish betting on livestock hits a three-year high Source: Agri Oils Updates
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Commodities a top contrarian bet, says BofA Merrill Lynch
… after fund managers turn “underweight” on the sector at the fastest pace in seven years, amid waning hopes for economic growth Source: Agri Oils Updates
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Australia nudges up wheat hopes – but clamour for chickpeas curbs canola
Abares cuts hopes for Australian output of barley and canola, flagging soaring sowings of chickpeas, even at the expense of best ag practice Source: Agri Oils Updates
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France to see rise in rapeseed output this year, after all
French officials forecast a rise in rapeseed output, rather than the fall expected by other commentators. Winter barley harvest will rise too Source: Agri Oils Updates
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Palm oil futures hit 10-month low, despite sall in Malaysian stocks
Malaysia’s palm oil stocks fall further than had been expected, depressed by a surge in exports. But is this demand sustainable? Source: Agri Oils Updates
Continue reading -
Zambeef shares tumble, after soy price weakness fosters profits drop
The eggs-to-feed group unveils a 94% plunge in earnings, reflecting a double whammy of Zambian economic woes and tumbling soybean prices Source: Agri Oils Updates
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UN counters ideas of strong grain, oilseed price rises ahead
The UN FAO forecasts “subdued” wheat prices, and “relatively low” oilseed values, while flagging “generally ample” coarse grain supplies Source: Agri Oils Updates
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