Friday, December 4, 2009

Breaking News-RTRS-Goldman Sachs raises CBOT grain, soy forecasts

LONDON, Dec 3 (Reuters) - Goldman Sachs on Thursday raised its three and six-month forecasts for CBOT soybeans to $10.50 a bushel from a previous projection of $10.00.
The investment bank, issuing its 2010 Commodities price forecasts, also increased its 12-month forecast for CBOT soybeans to $11.00 a bushel from $10.00.
Goldman left unchanged its three-month forecast for CBOT corn and wheat but raised six-month forecasts to $4.50 and $5.50 a bushel respectively, up from previous projections of $4.00 and $5.00.
A further rise to $4.75 for corn and $6.00 for wheat was seen in the 12-month outlook.