Chicago wheat futures fell to their lowest level in more than a week on Tuesday as improving U.S. crop condition ratings and seasonal pressure overshadowed early harvest delays and drought in Russia, traders said.
Wheat production fell last year for several reasons
U.S. Great Plains farmers skipping the cereal in favour of more profitable crops
Down 10 points in three years says FAS
Higher U.S. prices encourage stronger cash prices
U.K. bakery Warburtons contributes $650,000 to Global Agriculture Technology Exchange
Wheat futures rise amid Russia-Ukraine tensions