date:May 26, 2016
Rabobank lifted price forecasts for futures in the likes of corn, soybeans, sugar and wheat, but to levels below those investors are factoring in, warning over dollar firmness, and of supply underestimates for many crops.
The bank hiked in particular its forecasts for Chicago soybean futures, by up to $1.05 a bushel, now seeing them end the year at about $9.70 a bushel, with factors such as wetness which has prompted downgrades to Argentinas harvest, and the knock-on effect in boosting demand f