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Wheat falls as U.S. exports may decline with bigger World Crop

Posted on 06 November 2008

From Bloomberg: Wheat fell the most in three weeks on speculation that demand for U.S. grain will wane as global production increases. About 13.2 million bushels of U.S. wheat were inspected for export in the seven days ended Oct. 30, down 40 percent from the previous week, the government said.

Global production in the marketing year through June 30 will jump 12 percent to a record 683 million metric tons (25.1 billion bushels), the London-based International Grains Council said on Oct. 30….. Full Article: Source


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