date:May 26, 2016
stuck with a forecast for Paris wheat futures ending 2016 at about E170 a tonne.
Flying start
Among soft commodities, forecasts for raw sugar futures were raised by up to 1.0 cent a pound, with values seen at about 16.0 cents a pound in a years time.
However, again, the forecasts were below those being priced in by investors, with May futures trading on Wednesday at 17.16 cents a pound.
Rabobank highlighted the potential for selling pressure from the unwinding by funds of their record net lo