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Sat 4th February 2012
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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

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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
 Meat market squeeze halves Tyson Foods profits
An oversupply of chicken on the US market, and record cattle prices, shrink Tyson's profits - but not by as much as Wall Street had feared
Mosaic cuts potash plans, warning of buyer caution
The fertilizer giant, which has already curbed phosphate output because of the market downturn, joins peers in cutting potash production too
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
Dairy Crest rebuffs talk of cut to milk payouts
Dairy Crest denies it will follow Muller in reducing milk payouts to farmers, despite the historical link with the tumbling bulk cream market
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
Two-tier pork processing sector poised for deals
Mergers such as those between France's Porc Amour and Cofiporc, and Belgium's Westvlees and Detry, look a taste of things to come, Rabobank says
Features and market reports
Alt Text 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		 Featured market report Evening markets: softs and soybeans snatch focus from wheat
Soft commodities manage some strong gains, helped by a "risk on" attitude and fears over Australia's floods. Wheat ends mixed - like weather outlooks
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