Wheat prices slipped to a monthly low after report that U.S. stockpiles will touch the record level in 22 years. U.S. wheat inventories will increase to 27.2 million metric tons by May 31st. Before today wheat slid on speculation about growing world supplies. May futures for wheat delivery declined $0.03 (0.6 percent) to $4.785 per bushel as of 10:14 on CBoT.
Coffee futures gained in New York after stockpiles dwindled to lowest level in seven years. Coffee inventories slid to 2.7 million bags (1.2 percent) in
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