Wed, Aug 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Agriculture, Market Pulse more

Tightest corn crop since ‘74 as Goldman sees rally: Commodities

Posted on 11 December 2012

Three consecutive years of smaller U.S. corn harvests are driving inventories of the world’s most- consumed grain to a 39-year low and spurring Goldman Sachs Group Inc. to predict that prices will rise near record highs.
Global stockpiles probably will drop 11 percent to 117.64 million metric tons by Oct. 1, according to the average of 16 analyst estimates compiled by Bloomberg. That would be 13.8 percent of what the U.S. Department of Agriculture expects to be used for food, ethanol and livestock feed, the lowest ratio of inventories since 1974. The USDA is scheduled to update its forecasts at 8:30 a.m. in Washington………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36521 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31