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Wheat Trade More Bullish Even as Bear Market Begins
date:Jan 14, 2013
today.

USDA Forecast

Inventories in the U.S. may decline to 741 million bushels (20.17 million tons) by May 31, or 1.7 percent less than the USDA forecast last month, according to a Bloomberg survey of 30 analysts. The agency updates its estimate at 12 p.m. in Washington. It predicted in December that global reserves would drop to 176.9 million tons, the lowest since the 2008-09 season.

Futures touched a six-month low today, before fluctuating. The grain has tracked losses in recent weeks in

12/25 04:58