Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 11, 2012 16:20:28

Goldman Sachs Group - will head up the price of corn

ColosseumThree consecutive years of weaker corn production in the United States sent supplies to a minimum and made the 39leté bank Goldman Sachs Group to estimate the average increase in prices in the next 6 months at $ 8.25 per bushel. At present, the price is at 7.2925 dollar. Bank Morgan Stanley estimates the cost in the next 6 months at 7.85 dollar. USDA expects world stocks fall by 11 percent to 117.61 million tons. Production in the United States, which are responsible for 32% of total supply, decreased by 13% to 272.4 million tons. This is the lowest level since 2006. Global consumption overcomes the season ended 1 October offer. Not everyone agrees with further increase of prices of corn. Macquarie Group analysts believe that if the weather returns to normal, then it could contract price of December 2013 fall to $ 4 per bushel.and # 160;

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