CBOT wheat down near 1% as USDA ups stock estimate.

Wheat futures on the CBOT fell nearly 1% after the USDA increased its estimate for global carryover stocks in 2017-18. Ending stocks of wheat in 2017-18 are seen at 268.9 mln tn, higher than 266.1 mln tn estimated a month ago. Global stocks are seen rising because of likelihood of reduced consumption in India following a rise in prices.