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CBOT Review: Wheat sinks with rising inventories

This article was originally published in The Public Ledger

WHEAT futures in Chicago hit a three-month low on Wednesday, sinking below the psychologically important US$6.00 a bushel barrier. This occurred after the government raised projections for US inventories at the end of the 2014-15 season. In today’s monthly report, the government says there should be 574 million bushels at the end of the 2014-15 season next May. That compares to earlier estimates of 540 million bushels.

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