date:Oct 13, 2012
autioned that the USDA's estimate for Australia's dryness-plagued wheat crop may still too high, despite being downgraded in the Wasde by 3.0m tonnes to 23.0m tonnes.
Goldman Sachs pegged the harvest at 21.0m tonnes, sufficient to support exports of 16.5m tonnes ? a figure 1.5m tonnes below the USDA forecast and down one-third year on year.
The Goldman export figure is also below an estimate of 17.8m tonnes from Commonwealth Bank of Australia last week.
For Argentina, Goldman pegged the whea