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Heavy rains flood out Aussie farms for second year

Downpours of one foot in two days cause "extensive damage" to some crops, with cotton and sugar the focus of market concerns

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Russia confusion ends with raised grain export cap
Russia changes its tune on grain shipments for a fourth time this week, announcing a decision which it had earlier signalled had been postponed
Drought to cost Argentina 30% of corn exports
A "drastic" cut in harvest hopes has cost Argentina its chance of record corn exports, US attaches say. But prospects for wheat shipments look better
Rapeseed highlighted amid Europe winterkill fears
Fears that rapeseed crops are particularly vulnerable to Europe's freeze keep futures firm, even as wheat eases. But not all traders are convinced
Answer to big sugar question for 2012 is 'yes'
... Brazil will increase ethanol output, after two seasons of decline, presenting another headwind to US producers
Latin American farm boom lifts seed, sprays giants
Dow Chemical credits the region for lifting agricultural sales to a quarterly record, echoing observations from Dupont and Monsanto
ICAC serves up ominous recipe for cotton prices
An uptick in cotton demand will provide only "short-term respite", experts say, raising estimates for world stocks above six months' needs
Dryness cuts hopes for Mexican, S African corn too
Dryness, which has dashed hopes for Argentina's crop, wreaks further damage in Mexico, raising import needs even further, and in South Africa too
Rich milk flows erode dairy prices
Milk protein leads a decline in prices at the latest globalDairyTrade auction, amid forecasts of further drops in dairy values
Fresh wheat setbacks send prices rising, again
Morocco joins countries whose wheat is at risk from cold which is leaving Ukraine facing 50% losses. Prices rise, before profit-taking sets in
US drought and China lend support to cotton prices
National Australia Bank says Chinese buying offers hope for cotton price bulls, while Rabobank cites a potential boost from US dryness
Russia wheat export fears send prices soaring
Wheat prices rise in Chicago, and end at a seven-month high in Paris, amid fears for the impact of cold and potential tariffs on Russian exports
Credit Suisse slashes fertilizer price forecasts
Ideas on nitrogen and phosphate prices take particular pastings as the bank warns of excess supplies, and downgrades shares in sector giant Yara
Feature
Argentina and Russia - will either curb grain exports?

Both have a habit of tripping up free trade. But agricultural, and political, calculations make one of the pair far more likely to act this time

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