date:Aug 04, 2012
return on their money, so they jump into these commodities.
Wheat got an extra boost from Goldman Sachs saying in a research note Friday that it sees increasing upside risks to wheat prices in the coming months. Dry weather in the former Soviet Union, Australia, India and Argentina could pare output in those regions more than currently expected, Goldman Sachs said.
The bank's remarks may have led speculative funds to boost buying of wheat futures, said Mike O'Dea, a risk-management consultant at