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Wheat prices expected to fall further after record supply forecast

Falling consumption in China and India adding to surplus concerns

Published Mon, Feb 15, 2016 · 09:50 PM
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Chicago

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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