date:May 26, 2016
re optimistic than the market, forecasting a robusta coffee crop of 3.5m bags for 2016-17, which is only 10% below the six-year average.
Cotton optimism
Cotton was among the few ags in which Rabobank was more upbeat than investors, sticking by expectations of New York prices standing at about 70 cents a pound in a years time, some 10% above the futures curve.
The bank forecast a slowdown in the pace of purchases by mills from Chinas state stocks as the quality of offerings decline, promptin