Wheat Extends Decline as U.S. Seen Adding to Ample Global Supply
date:Aug 12, 2014
s led by Adam Longson wrote in a report today. Without geopolitical disruptions, we expect Chicago wheat prices to resume their downward track, spurred by improving U.S. hard red winter and spring wheat prospects, they said.

World stockpiles will rise to a three-year high of 190.81 million metric tons before the 2015 Northern Hemisphere harvest, according to a Bloomberg News survey before the U.S. Department of Agriculture updates its forecast tomorrow. Farmers in the US may harvest 2.015 billi
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