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Rabobank gloomy on farm commodities - except sugar

Posted on 03 October 2013

Rabobank sounded a bearish note on agricultural commodities - except sugar - cutting price forecasts for many and, for wheat upgrading expectations, but to levels below the futures curve.
The bank cut its forecast for Chicago corn futures in the newly-started October-to-December quarter by up to $0.40 a bushel, warning that the grain faced “an increasingly bearish outlook” thanks to the extra US stocks uncovered in an official report on Monday, and from promising US harvest yields………………………………………..Full Article: Source


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