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Wheat prices to top $10 a bushel, says Goldman

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Goldman Sachs raised its target for wheat prices above $10 a bushel, thanks to a tumble in US inventories to multi-year lows, and forecast recoveries in corn and soybeans to record highs.The investment bank lifted its forecast for Chicago wheat prices, on a three-month horizon, to $10.25 a bushel, after US Department of Agriculture data on Friday showed US inventories of the grain far lower than the market had  expected.Indeed, the ...
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Wheat extends losses, as funds prefer corn

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Tuesday, rather than offering any kind of turnaround, as noted in Chicago lore, continued exactly where the last session left off.

Corn nudged higher, continuing to gain support from Friday’s US Department of Agriculture data showing domestic stocks of the grain far lower than expected as of September 1, the end of 2011-12, and implying more resilient use than had been expected in the face of high prices.

But soybeans and wheat extended losses, given no support by a mediocre start on ...

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Wheat prices ease after Russia shuns export curbs

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Russia eschewed grain export curbs in a package of measures to stabilise domestic grain markets after drought damage which has left the country facing its worst wheat harvest in nine years.

Russia’s agriculture ministry, at a much-anticipated food security meeting to discuss shrunken crop supplies, narrowed its grains harvest forecast to 70m tonnes, at the bottom of a previous range 70m-75m tonnes.

However, officials failed introducing the limits on grain exports which many traders had expected given the harvest shortfall and a ...

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Tendances à court terme du marché mondial des céréales

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Au début de l’année 2012, le site web Agrimoney.com a passé en revue diverses prévisions concernant l’avenir à court terme des marchés mondiaux du maïs et du blé. Il note qu’en 2011 les prix du maïs ont augmenté de 2,8 % après une production plus faible que prévu des producteurs sud-américains. D’après les analystes de US Commodities, le marché du maïs a été « soutenu ces 18 derniers mois par des problèmes de production aux États-Unis et dans le monde ...

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