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Drought-hit Australia cuts hopes for wheat, canola, coarse grains

Abares cuts its forecast for Australia's much-watched wheat exports by 2.7m tonnes, with coarse grains shipments to hit a 7-year low

Hedge funds end ag selling spree - despite US corn, soy, cotton upgrades
Hedge funds cut short bets on ags, despite increased hopes for US corn, cotton and soybean supplies. Have ag prices passed their nadir?
Canada's canola output 'may not have fallen as far as thought'
Canada's canola harvest may beat current estimates, officials say. Still, they upgrade hopes for prices of the oilseed, and of barley too
SocGen bearish on crops, slashing price forecasts - but not for coffee
Societe Generale downgrades price forecasts for a swathe of crops, and especially corn and sugar, to below levels investors are pricing in
Sell-off in ags has gone far enough, according to broker forecasts
Commentators, while cutting price forecasts for many ags, leave estimates ahead of the futures curve across grains and soft commodities
Corn leads grain markets lower, after surprise US yield upgrades
Corn futures plunge near to contract lows, with soybeans tumbling too. But wheat prices are caught only temporarily in the downdraft
Hangover from 2016 rains boosts Australia cotton hopes into 2018
High reservoir levels raise hopes of a bumper cotton Australian harvest in 2017-18, despite drought. Sorghum output is seen soaring 80% too
Hedge funds turn more bearish on grains than on soft commodities
Speculators raise bullish bets on hurricane-beset US cotton, while lifting short positions on corn. Are they overconfident on grain yields?
Corn market 'could see September rally' - again
Roach Ag Marketing says empty farm silos and the positioning of "well heeled" processors look bullish signals - unless the USDA strikes...
Farmer hoarding lifts Brazil corn price - but wheat 'drops sharply'
Growers' reluctance to sell is helping Brazilian corn prices, despite a large safrinha crop. But big imports are weighing on wheat
Bumper Russia crops lift world grain stocks hopes to record high - UN
The UN lifts its forecast for global grain inventories - flagging their pressure on cereals prices too. Still, dairy and vegoil prices rose
Zambeef shares tumble, as weak crop prices, wheat disease hit profits
A caution by the group that it might return to the red, thanks to cropping setbacks, overshadows the well-received sale of a palm oil asset
Hedge funds extend sell down ags again, led by stampede from hogs
In hogs, speculators turn negative on price prospects at the fastest in 4 years. But have they overcooked shorts on cocoa, coffee, wheat?
Could Zimbabwe return to being a net corn exporter?

The country, once famed for its agricultural production, has revealed plans to return to exports by 2020. But is this really likely?

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