Wheat prices dropped to a lowest in three months on speculation that demand for grain from the U.S. will fall and global stockpiles will increase. Analysts say that global inventories will rise 19 percent in the year ending May 31st. Futures also fell as the strengthening dollar cut the attractiveness of U.S. exports. March delivery for wheat futures dropped $0.03 (0.6 percent) to $4.975 per bushel on the Chicago Board of Trade.
Coffee futures tumbled to the
If you have any questions and comments on the commodities today, use the form below to reply.