date:Oct 25, 2012
feed prices, thanks to poor corn and soybean crops in both North and South America.
However, many analysts believe that China's wheat harvest was far lower than the 118.0m tonnes at which the USDA has pegged the crop, with Rabobank estimating it at 106m tonnes, flagging reports of heavy losses to disease.
The US Grains Council in June warned of a severe blight on the crop, while the USDA's own office in Beijing in August said that its field surveys had revealed results not as positive as those