Cotton & wool
Abares adds sorghum to list of crops seeing production downgrade
... for 2017-18, with the bureau citing competition with cotton for land. Among wine crops, Abares makes a deep cut to canola export hopes
Hedge funds, wrong-footed by grains rally, 'swallow losses'
Hedge funds' surprising spring bearish spree on grain price falls appears to have led to losses. Still, many look in the money on sugar
'Bearish' cotton price consensus 'offers opportunity'
... says soft commodities analyst Judith Ganes-Chase, saying that market fundamentals are actually less bearish than a few months ago
Commodities a top contrarian bet, says BofA Merrill Lynch
... after fund managers turn "underweight" on the sector at the fastest pace in seven years, amid waning hopes for economic growth
Cotton prices may face a 'lot of downside risk'
... says marketing academic Dr John Robinson, as analysts mull USDA forecast revisions which upgraded US stocks to a nine-year high
Hedge funds turn net short on softs for first time in two years
... provoking ideas, notably among sugar investors, of an easing in pressure on prices. Bullish betting on livestock hits a three-year high
Hedge funds near-record short on ags - spurring hopes for 'powerful rally'
Hedge funds lift bearish bets on ags to the second largest on data going back to 2006 - despite weather fears. Could this herald a price surge?
ICAC lifts 2017-18 cotton price forecast, despite output upgrade
Cotton prices will not fall as far as had been thought, the ICAC says, unveiling a stocks estimate far lower than those from other commentators
Cotton futures 'to fall further' than market is expecting
... says Rabobank, flagging the prospect of world output growth. Still, prices will stay volatile for now, and face demand boosts from next year
'Important' hedge fund data lift hopes for slowdown in soy selling
Indeed, funds are already eroding bearish bets on cocoa. But in sugar, they have created scope for further sales. Are they too bullish on hogs?
Cotlook ditches forecast of world cotton stocks drop in 2017-18
The analysis group diverges from the likes of the USDA and ICAC by seeing an end next season to the retreat in world cotton inventories
Grain markets, ag shares 'close to bottom of cycle' - BlackRock
BlackRock's Skye Macpherson sees better times ahead for crop prices and farm sector shares, prices of which are "very, very attractive"
Changing global dynamics to have 'big impact' on farming
... Agrimoney LIVE hears. The likes of the election of Donald Trump as US president, and vote by the UK to quit the EU, are only the start...
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