Global outlook for wheat set to worsen as supplies build up
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HEDGE funds are so down on wheat that even the worst price plunge in 29 years isn't leaving them satisfied.
Instead, a global glut has money managers ready for more losses and sticking with a net-bearish outlook for seven straight weeks. World inventories before the start of next year's harvest are expected to climb to an all-time high as farmers reap bigger crops in the US, Russia and Ukraine.
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