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Brazil hikes wheat import forecast, as low prices deter farmers
… while leading to bigger-than-expected consumption. The revision, by Conab, comes amid upgrades for Brazil’s corn, soybean harvests too Source: Agri Oils Updates
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USDA extends round of downgrades to EU rapeseed harvest
… citing dry weather and late frosts. Still, US officials remain more upbeat than many other commentators on prospects for EU wheat output Source: Agri Oils Updates
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Weather fears bolster grain markets against bigger-than-expected supply data
US officials, in the Wasde report, unveil a swathe of bigger-than-expected estimate for grain and soy supplies. But grain futures hold firm Source: Agri Oils Updates
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SocGen 'positive' on corn price outlook, sees scope for soy gains
… and sees wheat prices “bottoming out” too. But the bank is wary on prospects for a sugar price revival, and on the arabica-robusta spread Source: Agri Oils Updates
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Hedge funds near-record short on ags – spurring hopes for 'powerful rally'
Hedge funds lift bearish bets on ags to the second largest on data going back to 2006 – despite weather fears. Could this herald a price surge? Source: Agri Oils Updates
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Agriculture scratches contrarian itch in South Africa
… emerging from recession just as the country as whole enters one. The ag revival is attributed to a harvest rebound – but wheat fears remain Source: Agri Oils Updates
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EU grains harvest gets second downgrade in two days
The European Commission follows Coceral in cutting EU grain output hopes – although details of the revisions differ. Rapeseed forecasts converge Source: Agri Oils Updates
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Dryness dents hopes of jump in Australian canola sowings
… at a time when world stocks were already forecast hitting a multi-year low. In chickpeas, some farmers are sowing 8 inches deep to find water Source: Agri Oils Updates
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Canada prioritises quality wheat – and to see rapeseed price buoyancy
Canada’s unexpectedly strong spring wheat sowings are being led by a top quality variety, AAFC says, seeing upward pressure on rapeseed prices Source: Agri Oils Updates
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Crop yield improvements vital, Plant Impact boss says
David Jones flags the need to boost productivity to meet global demand for crops, and foresees an end to the round of ag mega-mergers Source: Agri Oils Updates
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