Markets
US wheat falls on bigger-than-expected supplies
CHICAGO : US wheat futures fell on Wednesday, led by a 5.2 percent drop in the benchmark Chicago Board of Trade December
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* Traders also cited a wave of profit taking from CBOT wheat's 8 percent rally on Tuesday. * CBOT wheat volume was better than average and roughly in line Tuesday's activity. * The US Agriculture Department on Wednesday morning boosted its 2011/12 US wheat ending stocks forecast to 837 million bushels from 761 million. Analysts were expecting 733 million. * USDA also also raised its global wheat stocks forecast by 4 percent in the report. 1:17 PM CDT