Monday, July 05, 2010

Quick Overview

  • Rabobank estimates U.S. corn stocks at 9.1% of consumption - the lowest for 15 years.

  • Rabobank said that Thailand's sugar production could fall by 10-15% in 2010-11 from the previous year's 6.9m tonnes.
  • The International Sugar Organization says the sugar market outlook suggests a global surplus of around 2.5 million tonnes in 2010/11 after a deficit of 8.5 million tonnes in 2009/10.
  • India will decide before October on whether to re-impose an import tax on the sweetener to protect the local industry.

  • Wheat is climbing on concern that hot, dry weather in northwestern Europe and Russia will hurt production

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