date:Nov 15, 2012
Global wheat production during the 2012-13 crop year is forecast to fall to 649.30 million metric tons from 695.69 million tons a year earlier, a prominent U.S. commodities analyst said Wednesday.
Dan Basse, president of AgResource said grain markets have decoupled from world economic woes, which is characteristic of a supply-driven bull market, and added that moving forward, China's demand for grain shows no signs of slowing.
The analyst added that he feared that extreme weather conditions wi