Colombia cuts coffee hopes as La Nina fears mount


Coffee prices bucked a negative trend in farm commodities after coffee producers in Colombia, downgraded their output estimate for the third time in four months, amid growing fears for the revived La Nina weather pattern. Genaro Munoz, head of Colombia’s coffee growers’ federation, said that the coffee crop in the world’s second-ranked producer of arabica…

Argentine corn area to soar, even if La Nina hits


Farmers in Argentina may lift corn sowings by 20% despite a threat from dry weather, thanks to a potential for profits which "is just too good to pass up". Many forecasters have warned that farmers in the South American country, the second-biggest exporter of the grain after the US, will trim plans to expand 2011-12…

Growing La Nina fears dent hope for cocoa prices


Growing expectations of a fresh La Nina questioned a prop for cocoa prices even as data showed speculators have already sold down heavily in the bean, putting it close to joining coffee and wheat on the list of crops on which they have net short positions. Analysis of regulatory data showed that managed funds –…

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