You Don't NEED great/good chocobos!
Odd? No, actually. You should know that as long as you have AT LEAST a good chocobo and a great chocobo, you can make the rest of the set up to Black, when you need a Wonderful one.
HOWEVER. If you have a male and a female Wonderful chocobo, you can use the exact same method, but the resultant chocobos should be better racers. And you can still make green & blue chocobos with them. This also helps because you can breed with the black chocobo regardless of its gender - because you are guaranteed to have its opposite gender!
The main drawback to only getting wonderful chocobos is that it's harder to find one of each gender; but I still do this every game, because chocobo racing can be fun and a good source of rare items - and it gets easier with the faster chocobos that this produces!
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