US cuts 2018 wheat sowings hopes to record low.

Officials cut to a record low their forecast for US wheat sowings next year, amid a switch to other crops, with the estimate for soybean area hiked to a record high, while extra corn seedings keeping inventories large. US Department of Agriculture, in a preliminary release of revised long-term crop estimate, pegged US all-wheat sowings for the 2018 harvest at 45 million acres