WILL COMMODITY PRICES GO UP OR DOWN IN 2018?

Investment bank Goldman Sachs same agricultural arte-fact costs square measure heading in the right direction for a fourth year of decline, with corn costs at the tip of 2018 running 33¢ a bushel below the present futures value for December 2018 delivery, same Agri-money. At a similar time, Dutch bank ABN Amro forecast a “more positive” year ahead, with improved corn, wheat, and soybean costs.

Based in big apple, Goldman Sachs forecast that corn costs can stay “flat at $3.50 a bushel for 3, six, and twelve months,” which soybeans also will keep flat, at $9.80 a bushel. this may set a “new normal” of 2:8 for the soy-to-corn magnitude relation that determines that crop are additional profitable to grow.

For years, the magnitude relation was 2:5. Goldman Sachs same, because the international economy grows, soybeans are in higher demand than corn. The bank foreseen associate improvement in cotton costs however “moderately bearish” eutherian costs.

ABN Amro same 2018 crops are smaller than the bumper harvests of 2017 and “grains can have the benefit of continued sturdy demand from the feed business in China.”

The Dutch bank forecast Chicago wheat costs of $5 a bushel a year from currently, with corn at $4 a bushel, and soybeans at $10.50 a bushel. All 3 estimates were on top of December 2018 futures costs, same Agri-money.

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