Downside Risk For Wheat Limited - Goldman Sachs
"Following the recent sell-off, we believe further downside risk in wheat is limited," says Goldman Sachs. Tight old crop supplies will support prices near-term before larger '08-09 harvest, Goldman says. Goldman's 12-month price forecast for wheat is $8.50 a bushel.
Erm, I'm no expert Goldman but isn't that $2.00 below current new-crop levels, giving us a 20% downside?
Erm, I'm no expert Goldman but isn't that $2.00 below current new-crop levels, giving us a 20% downside?
