CBOT wheat down 1% as USDA ups global output estimate.

Ram Gopal Yadav–News– (6 years ago)

Wheat futures on the CBOT fell 1% today after the USDA increased its estimate for global wheat output in 2017-18 to a record high. USDA scaled up its estimate for global wheat output in 2017-18 to 759.8 mln tn from 758.8 mln tn estimated a month ago.