1. And, with world grain harvests falling for the past two years, the wolves are already at the door. 2. Cocoa rose as demand from chocolate makers exceeded expectations in the third quarter at a time when world harvests could be reduced. 3. Soybean reserves, though, are expected to drop as a smaller world oilseed harvest boosts demand for U.S. beans. 4. Weak world grain harvests and the oil embargo introduced shortages, which fed inflation. 5. Wheat fell after the government reported export sales slowed last week, sparking concern that world demand is low for the bumper world harvest. 6. Wheat futures continued their fall from Wednesday, when the Agriculture Department predicted low U.S. exports amid a bountiful world harvest. 7. Grains held steady thanks to the prospect of a weak world harvest. 8. However, forecasters predict a record world harvest this year. 9. In Chicago, prices ended the week higher on speculative buying as the market anticipates a poor world harvest this year. 10. But any losses were limited by continued strong demand and a poor world harvest last year. |