Posts Tagged 'flour'

Wheat output poised for “significant” rise en 2013

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World wheat production could see a “significant increase” in 2013 assuming the benign weather blessing sowings of winter crop in many major production areas continues, the United Nations said.The UN’s Food Agency, the Food and Agriculture Organization, acknowledged some pockets of concern over residual drought in some northern hemisphere areas currently in their autumn sowing periods.In the south east of the European Union, “hot, dry weather has reduced soil moisture, and ...
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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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