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Wheat Extends Decline as U.S. Seen Adding to Ample Global Supply
date:Aug 12, 2014
Wheat dropped for a third day as concerns eased that trade in the Black Sea region will be disrupted and on speculation US farmers may harvest a larger crop than forecast by the government.

Futures for September delivery fell 1 per cent to $5.4375 a bushel by 5:02 a.m. on the Chicago Board of Trade and prices in Paris dropped 1.2 per cent. Chicago futures fell 2.2 per cent on 8 August the most since 29 July, when they reached a four-year low of $5.185.

Wheat rebounded from the July low as the

07/29 16:26