Wheat drops on lower demand forecast

Published April 9, 2014 7:53pm ET



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.

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