date:Jun 12, 2014
US wheat futures fell to a 3-1/2 month low on Tuesday ahead of a monthly US Department of Agriculture report that analysts expect will show rising domestic wheat stocks. Corn futures fell on favorable crop weather in the US Midwest, but soybeans rose on expectations the USDA's June supply/demand report on Wednesday will show tightening old-crop soy inventories.
On the Chicago Board of Trade, July wheat settled down 11-1/4 cents at $6.01-1/4 per bushel after dipping to $5.99-1/4, the lowest spo