Wheat prices expected to fall further after record supply forecast
Falling consumption in China and India adding to surplus concerns
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THE rain and snow bolstering wheat crops across Kansas are also dousing expectations for a recovery in prices.
Improving plant conditions are underscoring the outlook for ample supplies after the US government on Tuesday raised its estimate for world inventories to an all-time high. Money managers last week expanded their wagers on prices declines by two-thirds.
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