date:Apr 10, 2014
tures, traded lower around midday after the WASDE report. Soybean futures were higher.
The U.S.D.A. projected 2013-14 global ending stocks of wheat at 186.68 million tonnes, up 2% from the March projection of 183.81 million tonnes and up 10.08 million tonnes from 176.60 million tonnes estimated for 2012-13.
Global wheat consumption for 2013-14 is lowered 2.4 million tonnes mostly on a 2-million-tonne reduction in China wheat feeding, the U.S.D.A. said. A number of smaller and mostly offsetting