| The biggest slump in wheat prices in three years may have further to go as expanding harvests from Russia to Canada bolster inventories to the most in a decade.
The U.S. Department of Agriculture will predict tomorrow a 3.4 percent gain in stockpiles to 202.89 million metric tons by June, according to the average of 16 analyst estimates compiled by Bloomberg. Prices that fell 34 percent from a 29-month high of $9.1675 a bushel in February will drop 12 percent more to $5.30 in the next 12 months, Credit Suisse Group AG forecasts...............................................Full Article: Source
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