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With developments in agriculture, transportation and storage, several food staples are bound to change, drawing a setback in the US corn production.
The market remains concerned about the US and international growing weather.
China imported just over 486,000 tons of rice in May and has now imported 1.815 million tons for the calendar year.
Weekly news in the agriculture market: World rice production was increased to 483.66 million tons and world ending stocks for the coming year were increased to 122.52...
The Robusta market is relatively strong compared to Arabica.
FCOJ closed lower last week, but still, could be trying to find a short term bottom.
The weekly charts still show overall downtrends, but daily charts are showing the potential for a short-term rally from current levels.
US wheat prices will probably move to the higher end of the world price range.
China is importing significantly less sugar so far this year.
Taking a look at the “what if” of 2017, one bright aspect is that it is getting harder to build an argument for growing ending stocks.