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Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee

Agriculture: Higher on Record Tightness

New York, 27 January 2011

Morgan Stanley are lifting their price forecasts across the agriculture space and are most bullish corn and beans. "Our review of the space leaves us more concerned than we have been in the five years that we have been writing on this space," according to Hussein Allidina of Morgan Stanley Research.

Read more: Agriculture: Higher on Record Tightness

Shrinking US cattle herd to fuel food costs for months

Chicago, 27 January 2011

The U.S. cattle herd, already the smallest since the 1950s, likely shrank even further by the end of last year, threatening to keep supply tight and drive meat costs to record highs in the months to come.

Read more: Shrinking US cattle herd to fuel food costs for months

POLL-Palm oil to gain for a third year

Kuala Limpur, 26 January 2011

Palm oil prices are set to mark a third year of gains in 2011 as global vegetable oil supplies continue to shrink, with analysts sharply revising up their outlooks in a Reuters survey.

Read more: POLL-Palm oil to gain for a third year

The return of “agflation” – Macquarie

London, 19 January 2011

Agricultural Forecasts: Key highlights from Macquarie latest agri-commodity price forecasts – "We believe 2011 will be a year of high prices in the agricultural and food sector."

Read more: The return of “agflation” – Macquarie

ICCO sees balanced cocoa market in 2010/11

London, 14 January 2011

The global cocoa market is forecast to be closely balanced in 2010/11, with a surplus of some 70,000 tonnes, despite political tension in top producer Ivory Coast, the head of the International Cocoa Organization said. "For the past five years we've experienced a deficit but now we are moving into a balance," ICCO Executive Director Jean-Marc Anga said.

Read more: ICCO sees balanced cocoa market in 2010/11

Global organic cotton production up 15%

Texas, 12 January 2011

Bolstered by continued strong manufacturer demand even during the recessionary times, organic cotton continued its steady growth in 2009-2010, according to a the fifth annual Organic Farm and Fiber report by Textile Exchange (“the Exchange”), the leading global organic cotton and sustainable textiles non-profit organization formerly known as Organic Exchange.

Read more: Global organic cotton production up 15%

Food price rise fuelling inflation-JP Morgan

London, 11 January 2011

Rising food prices are stoking global inflation with many agricultural commodity markets driven higher by bad weather in key producing countries, a senior trader at JP Morgan said Monday. "If you break down the inflation numbers then the impact of food has been extremely significant," Will Shropshire, head of investor trading, product development and agricultural for JP Morgan said in an interview.

Read more: Food price rise fuelling inflation-JP Morgan

NYSE Liffe’s Milling Wheat Futures added to RICI® Index

London, 11 January 2011

NYSE Euronext, today announced that its Milling Wheat Futures Contract has been added to the benchmark Rogers International Commodity Index® (RICI) for the first time. The index gives NYSE Liffe’s Milling Wheat a weight of 1%.  NYSE Liffe’s Milling Wheat Futures is the second NYSE Liffe contract to join the index.  The Rapeseed Futures contract was added to the RICI® index in January last year.

Read more: NYSE Liffe’s Milling Wheat Futures added to RICI® Index

Record high food prices stoke fears for economy

London, 7 January 2011

Record high food prices are moving to the top of policymaker agendas, driven by fears it could stoke inflation, protectionism and unrest and dent consumer demand in key emerging economies. The United Nations' food agency (FAO) said on Wednesday that food prices hit a record high last month, above 2008 levels when riots broke out in countries as far afield as Egypt, Cameroon and Haiti.

Read more: Record high food prices stoke fears for economy

Cotton: Technology for the 21st Century

London, 7 January 2011

New Book from the ICAC: Six years after the publication of the book Cotton Facts, the ICAC has published a new book called Cotton: Technology for the 21st Century. The book has 16 chapters, each contributed by highly respected and internationally recognized authors from across the world.

Read more: Cotton: Technology for the 21st Century