date:May 26, 2016
ted.
Excellent growing conditions
For corn too, the bank, while nudging its price forecasts higher, and seeing value hit $4.00 a bushel early next year, was more pessimistic than investors, who are pricing in a breach of $4.00 a bushel by September.
Terming overoptimistic USDA estimates for US corn exports and domestic demand in 2016-17, Rabobank forecast stocks rising over the season to 2.28bn bushels, above the official forecast of 2.15bn bushels.
And the forecasts for Chicago wheat futur