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Hedge funds reduce bearish stance on ags - a little

Hedge funds reduce their net short on US-traded agricultural commodity futures and options. But they remain unusually downbeat on price prospects

Sugar hit 6-year low, as Green Pool ups output forecast
Sugar futures extend losses as Green Pool cuts its forecast for the world production deficit in 2015-16, citing raised Brazilian output hopes
Extra feed use cuts EU estimate for 2015-16 wheat stocks
EU officials reduce their forecast for the bloc's wheat stocks at the end of next season, cutting expectations for a switch to corn in animal feed
California egg prices returning to earth, says Cal-Maine
Californians are no longer paying twice as much for eggs as New Yorkers. Cal-Maine Foods reveals a "moderating" market, as it unveils rising profits
Legumex flags good Canada spring sowings prospects
The crop processor foresees a "decent planting season" in Canada, thanks to benign conditions, and a rise in north west US canola sowings
Durum output to rebound - but stocks will stay thin
The International Grains Council, in its first estimate for the world durum harvest in 2015-16, forecasts an 11% rise
IGC upbeat on US soy sowings, despite falling premium to corn
The International Grains Council issues an above-consensus forecast for US soybean plantings, but notes a reduced soy:corn price ratio
EU wheat output to fall, despite bumper French harvest
A rise in French wheat output to one of the best ever will not save the EU harvest from decline, says Coceral. Corn and rapeseed output will fall too
UK wheat data underline 'need' for pick-up in exports
The UK must export some 500,000 tonnes of wheat a month to avoid a build-up in stocks, with price implications, HGCA data suggest
FirstFarms sees milk price staying low for 2015
Farm operator FirstFarms forecasts a sharp retreat in profits this year, in part down to an expectation of lower milk prices
World corn harvest to drop 'sharply' in 2015-16
The IGC, in its first corn estimates for next season, sees falling output, and stocks. But global grain inventories will remain "comfortable"
Indonesian palm oil stocks set for record highs
Indonesia's palm output will keep rising in 2015-16. But consumption growth will not keep pace, US officials say, casting doubt on a biodiesel drive
Low prices to drive UK potato sowings to all-time low
Produce Investments, owner of potato packer Greenvale, sees a drop in sowings, in the face of what one broker terms a "perfect storm"
Cocoa futures - will 2015 bring a third successive year of gains?

Cocoa futures fulfilled early-year expectations by rising in 2014, helped by ideas of structural output deficit. But has the theme been overplayed?

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