Soybeans to Lead Gains in Agriculture Next Year, Goldman Says
The New York-based bank raised its 12-month forecast for the crop by 61 percent to $14.50 a bushel from $9 a bushel. Wheat in Chicago may trade at $7.50 a bushel in a year compared with a previous forecast of $6, Goldman said. The bank raised its estimate for corn by 20 percent to $5.30 a bushel from $4.40.