| From Bloomberg: Wheat may advance 26 percent to $7.30 a bushel by the end of this year as demand continues to increase and farmers respond to slumping prices by planting fewer acres, Commerzbank AG said.
The grain’s immediate potential to rise is limited because of an expected surplus of about 30 million tons this year, Frankfurt-based analysts Eugen Weinberg, Barbara Lambrecht and Carsten Fritsch said in a note to investors today. They forecast higher prices in the “medium term,” citing rising consumption and reduced plantings. .... Full Article: Source
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