Wheat prices in Chicago for the week declined amid increasing forecasts for Australia and Ukraine

CBOT wheat futures fell over August 9-16. During the week the price decreased by 12.4 USc to 530.0 USC/bu.

The USDA raised its August wheat production estimates for Australia (+1 M mt) and Ukraine (+2.1 M mt), but lowered them for the EU (-2 M mt) and the US (-0.7 M mt).

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Tags: Australia, Ukraine, EU, prices, wheat, USA