date:Jul 25, 2013
his year, tracking corn which has declined on forecasts that record U.S. production will ease three years of tight supplies.
The spread between Chicago wheat and corn is likely to widen to $2.0-$2.5 a bushel in the coming months from $1.30 as corn production recovers and Chinese imports buoy wheat demand.
Two traders contacted by Reuters forecast an 8-10 percent rise in Australian standard wheat prices over the next few months, while a third saw a 5 percent gain.
A fourth forecast 10-15 perce