From FT: The world’s wheat harvest is likely to “fall sharply” in 2009-10 as farmers cut the acreage devoted to the cereal, the International Grains Council said yesterday in its first forecast for the incoming crop.

The London intergovernmental body said the 2009-10 season wheat crop would fall to 650m tonnes – down about 5 per cent from a record 687m tonnes last season. …. Full Article: