Supply hopes turn Goldman gloomier on wheat prices


Goldman Sachs, which two weeks ago cut its forecast for wheat futures, signalled a further downgrade as brokers continued to issue warnings over prices following a lift to hopes for world supplies of the grain. Goldman analysts, who on September 30 lopped up to $1.50 a bushel from forecasts for Chicago wheat futures after data…

Soybean prices face ‘sharp rally’, says Goldman


Soybean prices face an "increasing likelihood" of a strong rally from current levels, thanks to the need to keep up with corn values and secure a place in farmers’ sowing schedules, Goldman Sachs said. The investor bank, like competitor Morgan Stanley, cut its estimate for the US corn yield, citing a hot and dry summer…

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