Hedge fund sales create 'huge potential' for wheat price rebound

Hedge funds cut their net short position in soybeans - but extend it to record highs in hard and soft wheat. Could this herald a price recovery?

Dent to corn prices from bird flu 'overdone', says Morgan Stanley
Investors may be exaggerating the threat to corn prices from the US H2N5 outbreak, the bank says. Soy prices are, if anything, at greater risk
Cattle futures ease, as feedlot numbers beat forecasts
Futures in both feeder and live cattle drop, after data show more placements on feedlots than investors had expected - and at heavier weights too
EU officials lift crop yield hopes - but warn of need for rain
The Mars research division lifts estimates for EU barley, rapeseed and wheat yields this year, citing "favourable" weather - so far
Bull run in UK farmland prices is slowing, says Savills
Growth in farm prices started this year far slower than in 2014, the land agency says, noting some uptick in the area of land for sale
Timber market firmness lifts US forestry returns
US timberland returns make their strongest start to a year since 2008, helped by "renewed demand for wood"
India's sugar output in 2015-16 to stay near record levels
Has India ditched its tendency for large swings in sugar output? It looks poised for its longest run of production surplus since the 1970s
Cocoa futures jump despite sharp drop in Asia's grind
Cocoa futures close sharply higher, even though data show Asia's processing volumes dropping even faster than those in Europe and North America
Fruit, nut farms buck US land price slowdown
Returns from farmland make their worst start to a year since 2010. But investments in the likes of vineyards and nut groves bucks the trend
US soft red wheat on track - but weather woes test white wheat
The soft red winter wheat crop is on track for "average" yields - but there are threats to the "important export crop" of soft white wheat
Indonesia palm export levy 'may yet be reduced'
Richard Robinow, chairman of REA Holdings, tells flags industry lobbying over the levy - although the tax could bring a big positive
Currency hit, China caution take shine from Yara results
The strong dollar proves a two-edged sword for Yara, which also highlights the dent to urea prices from booming Chinese exports
Lower coffee prices spur Starbucks buying spree
Starbucks reveals it has bought forward far more coffee than it had a year ago, although benefits might "not be as high as you might calculate"
Features and market reports
Growing Chinese, Indian taste for tea to spur price rally
Tea prices are forecast to rise, as consumption grows in the major producing countries, while Kenyan drought is squeezing short term supplies
Featured market report AM markets: soybeans:corn price ratio extends its rebound
The much-watched ratio between new crop corn and soybean futures gains, amid a benign US weather forecast. Wetness lifts cotton to a seven-month high
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