date:Oct 13, 2012
d to fare better, the bank said, flagging the threat of further downgrades to harvest estimates, notably in Argentina, Australia and China.
The comments were echoed by rival banks including Societe Generale, which termed wheat the big winner of the Wasde report, and Credit Suisse, which said the outlook for wheat prices may be slightly more bullish than other grains.
'Further downgrades necessary'
Goldman Sachs analyst Damien Courvalin said that world wheat production in 2012-13 looked, at 64