PM markets: fund liquidation switches to soybeans

Technical selling weighs on soybeans, but wheat markets find some bargain buying after a bearish week

Cocoa better bet than coffee, sugar, says Commerzbank
The bank says the cocoa price recovery has further to go yet. But it is more cautious on coffee, and slashes its sugar price forecasts
Australian wool prices break new 29-year highs
Brisk Chinese demand, particularly for high-grade supplies, is helping wool prices boom, Rabobank says
Margin prospects 'better for beef packers than pork processors'
So says MetLife, flagging a boost to hog price prospects from growth in pork plant capacity. Still, it is beef packers which started 2017 weakly
Downturn in European ag machinery market 'to end this year'
Sales of agricultural equipment could actually grow in 2017, as demand in Eastern Europe booms, industry group Cema says
Coceral lifts bar on EU wheat prospects, citing high hopes for France
The industry group top forecasts for the EU soft wheat harvest this year. But it is more cautious on barley, rapeseed production prospects
OCP says phosphate markets have bottomed
Prices are picking up thanks to rising demand, and easing world production, the Moroccan phosphate giant says
Brazil meat groups' shares stabilise, amid hopes of scandal blowing over
The aftermath of a food safety furore has been "chaotic" for Brazil. But many commentators believe the fallout will prove short-lived
Australian chickpea prices bounce, as Indian demand holds strong
A big Australian crop has not dampened prices... and may not discourage growers from another year of big sowings
Trump's trade shake-ups 'may negatively impact' US agri groups
Ag lending giant MetLife flags the threat to US agribusiness groups from potential trade hiccups. Still, there is some cause for optimism too
Rabobank upbeat on soy, sugar prices - but not on corn and cotton
It is "hard to" see sugar prices falling much further, the bank says, while seeing US farmers seeding less soy than traders expect - and more corn
South African corn crop to fall sharply back next year
As corn prices in Johannesburg hit multi year lows, sowings for next year's crop will be sharply down, US officials say
Crop farmers may become fishes' best friends
... assuming Nufarm, whose shares in the group hit a 7-year high, gains consent for a canola seed genetically modified to produce fish oils
Features and market reports
Ag sector 'should start thinking now' about Brexit fallout
Just because the UK has two years until its EU exit does not mean that ag leaders should sit on their hands, says lawyer Michael Aubrey
Featured market report PM markets: fund liquidation switches to soybeans
Technical selling weighs on soybeans, but wheat markets find some bargain buying after a bearish week
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