Wheat drops on lower demand forecast

Published



NEW YORK (AP) — Wheat prices fell Wednesday after the government raised its forecast for year-end supplies, citing a drop in demand from China.

In a monthly report, the U.S. Department of Agriculture raised its forecast for this year’s ending stocks of wheat globally to 186.68 million metric tons from 183.81 million tons in March.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.